Claims
- 1. A method for optimizing tax treatment of a transaction comprising:
determining potential taxes due for a given transaction if the transaction were to be executed in each of a plurality of possible jurisdictions selectable by a user; and forwarding data regarding execution of the transaction to a computer located in the selected jurisdiction.
- 2. The method according to claim 1, further comprising calculating any shipping costs due to execution of the transaction in each of the plurality of jurisdictions.
- 3. The method according to claim 1, further comprising determining any tariffs due if the given transaction were executed in each of the plurality of possible jurisdictions.
- 4. The method according to claim 1, further comprising executing the transaction in the selected jurisdiction in the computer located in the selected jurisdiction.
- 5. The method according to claim 1, further comprising enabling the user to select in which one of the plurality of possible jurisdictions to execute the transaction.
- 6. The method according to claim 1, further comprising ranking each of the jurisdictions based on the determination of potential taxes for the given transaction.
- 7. The method according to claim 1, further comprising:
determining any tariffs due if the given transaction were executed in each of the plurality of possible jurisdictions; calculating any shipping costs due to execution of the transaction in each of the plurality of jurisdictions; and ranking each of the jurisdictions based on a total cost if the given transaction were executed in each of the plurality of jurisdictions, said total cost including at least any potential taxes due, any potential tariffs incurred and any shipping costs that might be incurred.
- 8. The method according to claim 1, further comprising protecting the anonymity of a plurality of transaction parties by only passing data required for tax purposes together with an an identification token.
- 9. The emthod according to claim 8, wherein the only passing data required for tax puposes includes sending a less than complete address for identification purposes only.
- 10. A method for optimizing tax treatment of a transaction comprising:
determining potential taxes due for a given transaction if the transaction were to be executed in each of a plurality of possible jurisdictions; and matching sides of the transaction in a computer located in a selectable jurisdiction.
- 11. The method according to claim 10, further comprising selecting by the user in which one of the plurality of possible jurisdictions to execute the transaction.
- 12. The method according to claim 10, further comprising executing the transaction in the selected jurisdiction in the computer located in the selected jurisdiction.
- 13. The method according to claim 10, further comprising enabling the user to select in which one of the plurality of possible jurisdictions to execute the transaction.
- 14. The method according to claim 10, further comprising calculating any shipping costs due to execution of the transaction in each of the plurality of jurisdictions.
- 15. The method according to claim 10, further comprising determining any tariffs that would be due if the given transaction were to be executed in each of the plurality of possible jurisdictions.
- 16. The method according to claim 10, further comprising ranking each of the jurisdictions based on the determination of potential taxes that would be due if the given transaction were to be exeucuted in each of the plurality of possible jurisdictions.
- 17. The method according to claim 10, further comprising:
determining any tariffs that would be due if the given transaction were to be executed in each of the plurality of possible jurisdictions; calculating any shipping costs that would be due if the given transaction were to be executed in each of the plurality of possible jurisdictions; and ranking each of the jurisdictions based on a total cost if the given transaction were executed in each of the plurality of possible jurisdictions, said total cost including at least any potential taxes due, any potential tariffs incurred and any shipping costs that might be incurred.
- 18. An apparatus for optimizing tax treatment of a transaction comprising:
a user interface via which a user enters a proposed transaction and a plurality of jurisdictions in which the transaction may be executed; a database storing tax rules for a plurality of jurisdictions; a processor accessing the database to determine taxes that would ensue if a proposed transaction were to be executed in each of a plurality of jurisdictions, and outputting the taxes for each jurisdiction to the user interface.
- 19. The apparatus according to claim 18, further comprising a plurality of servers accessible by the processor, each of the plurality of servers disposed in one of the plurality of jurisdictions, one server for each of the plurality of jurisdictions, one of said plurality of servers to match two sides of the transaction in a selected jurisdiction upon instructions by the user.
- 20. The apparatus according to claim 18, wherein said processor determines any tariffs that might be due if the given transaction were executed in each of the plurality of possible jurisdictions.
- 21. The apparatus according to claim 20, wherein the processor calculates any shipping costs due if the transaction was executed in each of the plurality of jurisdictions.
- 22. The apparatus according to claim 21, wherein the processor ranks each of the jurisdictions based on a total cost if the given transaction were executed in each of the plurality of jurisdictions, said total cost including at least any potential taxes due, any potential tariffs incurred and any shipping costs that might be incurred.
STATEMENT OF RELATED APPLICATION
[0001] This application claims priority to U.S. Provisional Patent Application No. 60/293,245 filed May 24, 2001, entitled “Method and Apparatus for Optimizing Taxes in a Transaction.”
Provisional Applications (1)
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Number |
Date |
Country |
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60293245 |
May 2001 |
US |