Indirect tax
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Vertex, Inc. (VERX) Goldman Sachs Communacopia + Technology Conference 2025 Transcript
Seeking Alphaยท 2025-09-11 19:22
Company Overview - Vertex focuses on indirect tax, which is the largest form of corporate tax paid, generating approximately three times the tax revenue collected by state and local governments compared to income tax [2] - The company has spent 47 years developing interpretations of tax rules and requirements across various jurisdictions, with around 10,000 jurisdictions in the United States and an equal number globally that customers must comply with [3] Industry Insights - Indirect tax serves as a primary revenue source for governments, providing predictability as it is based on transactions occurring within the jurisdiction rather than income residing there [2]