Making tax sexy for fintech entrepreneurs

This event took place on Wednesday, June 8, 2022 at 11:00 AM UTC.

Sex & Drugs & Rock & Roll Club, RAI Surprisingly, until now, the tax domain has been somewhat neglected by the ongoing fintech revolution and embedded finance trend. But this makes little sense given the recent proliferation of new financial services which all have tax implications, and the fact that nearly every individual and business has tax liabilities. For the younger professionals who switch jobs every couple of years, use banking apps, or take part in the gig economy or trade crypto, taxes have become an absolute minefield. The tax solutions built for their grandparents’ generation are not optimized for the digital era. But things are changing, as illustrated by Team8’s research on tax innovation, carried out in conjunction with Deloitte. In this first-of-its-kind report on TaxTech, hear about the rapidly growing inventory of available tax technologies and identified new use cases that can deliver tangible tax-related efficiency gains for individuals and businesses. This talk explores the fintech-driven momentum behind tax innovation, particularly in light of the growing complexity of the ever-changing tax code, a recent influx of new financial services and banking apps, and ongoing trends in the gig-economy, ecommerce, and crypto sectors (to name a few). Alongside the tax-tech company April, Ronen will explain how embedded finance presents unique opportunities for financial and non-financial players to expand their native offering with tax services, create new revenue streams, and provide users with a more holistic tax experience.