This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Digital River Introduces New Automated Online Tax Management Solution For Google Play Store Merchants

Digital River, Inc. (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, announced a new online tax management solution for digital content publishers who market and sell apps through the Google Play Store. The solution acts as a tax manager, working on behalf of the publisher to automatically calculate and remit taxes for online Google Play transactions in more than 30 countries.

“Google Play merchants no longer have to go it alone. Rather, Digital River will serve as a local tax expert as well as assume the administrative burden and financial risk associated with being a seller of record for these online transactions,” said Joel Ronning, Digital River’s CEO. “Through this new solution, we are unbundling a valuable component of our global e-commerce system and packaging it up with more than 15 years of tax management experience to make it available to Google Play merchants.”

With tax regulations changing on a regular basis as well as varying from country-to-country and state-to-state, compliance administration can be a complicated and resource-intensive process. This includes the management of reporting, reconciliation and remittance obligations. In a recent international survey commissioned by Digital River, a group of senior decision makers from several high-tech markets identified some of their most significant global e-commerce challenges. They reported tax and compliance issues as having the “highest degree of difficulty” with 65 percent of respondents rating it as significantly challenging.

To help address these challenges, Digital River’s new tax management solution for Google Play includes:

  • A simple software development kit (SDK) to broker merchants’ in-app transactions;
  • A plug and play process that automatically downloads transactions into Digital River’s tax management solution;
  • An advanced global tax engine that automatically calculates and remits the correct tax amount for each Google Play transaction to the applicable states and countries;
  • End-to-end reporting capabilities that provide details on each Google Play transaction, including the tax calculation and the tax amount remitted to each state and country; and
  • Automatic updates to the tax management engine that ensure tax calculations stay current with and reflect changing regulatory obligations.

This modular Google Play tax solution is supported by Digital River’s global e-commerce infrastructure as well as an integration with an SDK and entitlement engine from Lotaris. Lotaris is a leader in mobile and multi-channel licensing solutions.

About Digital River

Digital River, Inc., the revenue growth experts in global cloud commerce, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running a global commerce operation. The company’s comprehensive platform offers site development and hosting, order management, global payments, cloud-based billing, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs