Transaction tax settlement in personal communication devices
First Claim
1. A transaction tax settlement system comprising:
- a personal communication device configured to participate in a transaction;
a tax information system; and
a communication network providing two-way communication between said personal communication device and said tax information system, and said tax information system comprising;
a tax directory having a plurality of tax authorities stored thereon, said tax directory configured to facilitate identification of said tax authorities capable of imposing a tax on said transaction; and
a tax authority calculation corresponding to each of said tax authorities, said tax authority calculation configured to facilitate determination of a tax rate on said transaction.
6 Assignments
0 Petitions
Accused Products
Abstract
A transactional tax settlement system for use with a personal communication device is provided. The system has particular usefulness in determining a taxing authority and calculating a tax rate imposed by the taxing authority in a communication network environment. The system may be used to determine a tax authority and corresponding tax rate for a buyer/seller transaction over a network, e.g., the Internet. The system may also be used to determine a tax authority and corresponding tax rate in a mobile telecommunications network, e.g., a cellular phone. The system includes a tax information system for determining the taxing authorities and corresponding tax rates by evaluating factors pertaining to the transaction such as, location, tax status, and transaction description. In addition, the tax information system may validate a payment modality, collect taxes, and account for the transaction.
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Citations
36 Claims
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1. A transaction tax settlement system comprising:
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a personal communication device configured to participate in a transaction;
a tax information system; and
a communication network providing two-way communication between said personal communication device and said tax information system, and said tax information system comprising;
a tax directory having a plurality of tax authorities stored thereon, said tax directory configured to facilitate identification of said tax authorities capable of imposing a tax on said transaction; and
a tax authority calculation corresponding to each of said tax authorities, said tax authority calculation configured to facilitate determination of a tax rate on said transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 16, 17, 18, 19, 20, 23, 24, 25)
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15. A transactional tax settlement method comprising:
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determining a tax authority, from a plurality of tax authorities stored on a tax directory, by evaluating transactional information received over a communication network from a transaction participant;
calculating a tax rate imposed by said tax authority; and
transmitting said tax rate over said communication network to said transaction participant.
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21. A method for transactional tax settlement in a network environment, said method comprising:
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receiving at a tax information system a request from a seller for a taxing authority based on a sales transaction between said seller and a buyer;
determining said taxing authority, from a plurality of tax authorities stored within said tax information system, by evaluating said request;
determining a tax rate imposed by said taxing authority;
transmitting to said seller said tax rate;
receiving at said tax information system a payment modality for authorization;
validating said payment modality; and
transmitting to said seller an approval or denial of said payment modality in response to said validating step. - View Dependent Claims (22, 27, 28, 29, 35)
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26. A transactional tax settlement system for use in a buyer/seller transaction over a network, said system comprising:
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a personal communication device configured to initiate a purchase request from a seller via said network;
a tax information system configured to receive a request from said seller via said network, said request comprising transaction data for said tax information system to consider in facilitating identification of a taxing authority capable of imposing a tax on said purchase, and in facilitating calculation of a tax rate corresponding to said taxing authority; and
an electronic invoice transmitted to said personal communication device, said invoice representative of said purchase and including said tax rate.
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30. A transactional tax settlement system for use in a telecommunications network, said system comprising:
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a mobile communication device configured to communicate over a wireless telecommunication network;
a telecommunication service provider configured to facilitate a connection to said wireless telecommunication network by said mobile communication device;
a tax information system;
a communication network providing two-way communication between said telecommunication service provider and said tax information system, and said tax information system comprising;
a tax directory configured to facilitate identification of a taxing authority capable of imposing a tax on said connection; and
a tax authority calculation corresponding to said tax authority and configured to facilitate determination of a tax rate on said connection. - View Dependent Claims (31, 32, 33, 36)
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34. A transactional tax settlement system for use in a peer-to-peer transaction, said system comprising:
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a first personal communication device configured to participate in a peer-to-peer transaction;
a second personal communication device configured to participate with said first personal communication device in said peer-to-peer transaction;
a tax information system; and
a communication network providing two-way communication between one of said personal communication devices and said tax information system; and
said tax information system comprising;
a tax directory having a plurality of tax authorities stored thereon, said tax directory configured to facilitate identification of said tax authorities capable of imposing a tax on said transaction; and
a tax authority calculation corresponding to each of said tax authorities, said tax authority calculation configured to facilitate determination of a tax rate on said transaction.
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Specification