Company Filing History:
Years Active: 2024-2025
Title: Craig Evan Reed: Innovator in Customs Duty and Tax Estimation
Introduction
Craig Evan Reed is a notable inventor based in Toronto, Canada. He has made significant contributions to the field of customs duty and tax estimation. With a total of 2 patents to his name, Reed's work focuses on enhancing the efficiency and accuracy of tax calculations in transactions.
Latest Patents
Reed's latest patents include a groundbreaking system for customs duty and tax estimation according to indicated risk tolerance. This innovative service engine, part of a processor-based system, determines the estimated amount of taxes due for a proposed transaction based on a risk tolerance value specified by a party involved, such as a seller. The system generates multiple classification code queries to classify the item in question, leading to the identification of various classification code candidates. Each candidate is evaluated to determine corresponding possible tax-due amounts. Ultimately, the service engine calculates the taxes due based on statistical analysis aligned with the specified risk tolerance value, providing the estimated tax due amount to the relevant parties involved in the transaction.
Career Highlights
Craig Evan Reed is currently employed at Avalara, Inc., where he continues to develop innovative solutions in tax estimation. His work has been instrumental in advancing the capabilities of tax-related technologies.
Collaborations
Reed collaborates with talented professionals such as Adrian Nistor and Amy E Morgan, contributing to a dynamic work environment that fosters innovation.
Conclusion
Craig Evan Reed stands out as an influential inventor in the realm of customs duty and tax estimation. His contributions are paving the way for more efficient transaction processes in the industry.