Tax issues in the sharing economy

Resource Information

The work Tax issues in the sharing economy represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Tax issues in the sharing economy

Creator

• Kristoffersson, E

Subject

• GST
• VAT
• business tax
• digital economy
• DST
• internet
• sharing economy
• source principle of taxation
• individual income tax

Language

eng

Summary

The sharing economy refers to online market places that bring sellers and buyers of goods and services together. This article identifies two main problems concerning taxing the sharing economy. Firstly, the sharing economy is difficult to control, since there are many small providers. Secondly, different tax treatment for businesses and private individuals makes it difficult for small providers to know how to comply with tax obligations. The solution of these issues is not the introduction of a digital services tax (DST) imposed on the intermediary platforms. Such a tax can contribute to the tax sharing economy, but not replace income tax or VAT/GST. Income tax and VAT/GST systems throughout the world are based on a scenario of business people versus private individuals dating from the 20th century, which is now partly out of date. A solution could be to tax small businesses and private individuals in a more uniform way, which would provide a simpler tax system that would be easier to comply with

Citation source

In: Skattenytt. - Uppsala. - Vol. 69 (2019), no. 10; p. 709-722

Geographic coverage

International

Language note

English