Amazon forced to hand over seller information? EU to impose sanctions

The European Parliament is currently pushing forward the implementation of a new policy, the main purpose of which is to force US technology companies (mainly Amazon) to fully share seller data collected by their European branches with the EU, otherwise they will be required to switch to local cloud service providers.

In a data security investigation that began last month, the EU found that US technology giants, led by Amazon, would share all user data collected in Europe, including company information of consumers, sellers, advertisers , usage records, service content, etc., with US authorities. There is a lot of critical data that even EU institutions themselves cannot obtain, and the US can require Amazon to share all of this data in accordance with the Foreign Intelligence Surveillance Act.

The share of local e-commerce platforms in Europe is relatively small, which means that most of the European e-commerce market is under the supervision of the United States. This problem is quite serious, and the EU spokesman said it is a fundamental issue related to the security of the EU economic market.

After the investigation, the EU is currently discussing what actions to take to protect the EU e-commerce market and the data of consumers and businesses. Judging from the existing processing methods, China's method is still very meaningful for reference. It requires foreign technology companies doing business in China to store their data locally in China (Apple's data is stored in Yunshang Guizhou). If Europe does this, it will be able to fully grasp all the information of Amazon European sellers.

This means that the business conditions of sellers are exposed to European institutions. Whether it is turnover, order volume, shipping inventory... all data can be extracted by relevant institutions, which brings considerable challenges to the business compliance of European sellers. Not only do they need to upload the tax number as required, but they also need to comply with the tax reporting process.

Nowadays, most sellers are aware of the need to comply with tax regulations, but few sellers ask about the tax filing process.

At present, everyone knows that tax numbers need to be registered and uploaded, and Amazon itself also has a tax number delivery service, but the tax filing process for most sellers is handed over to tax agents, and many tax agents are not first-hand agents. The price of the tax filing service provided to the seller may be increased layer by layer.

Moreover, if there are unexpected events that need to be dealt with, agents at various levels will seriously delay the processing progress. It will definitely be much slower than if the seller handles it directly at the tax bureau, and there will be many more confirmation and communication links.

Although contacting the tax bureau directly is the best way, many sellers are not clear about the process and precautions of self-declaration, which requires a lot of learning costs. Therefore, a platform that connects the tax bureau and sellers and can assist in declaration in communication and process is very necessary.