Taxation and the Peer-to-Peer Economy

August 8, 2017

Preview Citation

Format: Chicago

Aqib Aslam, and Alpa Shah. Taxation and the Peer-to-Peer Economy, (USA: International Monetary Fund, 2017) accessed September 19, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

The growth of the peer-to-peer (P2P) economy over the last decade has captivated both stock markets and policymakers alike. While the means for transacting might be different to existing firm structures—with the emergence of digital platforms that connect individual buyers and sellers directly—the tax behavior of individuals operating in this new economy are very familiar. What is clear is that while the P2P economy has potentially exacerbated existing policy, administrative, and revenue-mobilization challenges associated with small business taxation—such as the choice of the tax base and how to set tax thresholds—, the technology behind P2P platforms presents a valuable opportunity to eventually solve them.

Subject: Economic sectors, Income and capital gains taxes, Income tax systems, National accounts, Personal income, Sharing economy, Small and medium enterprises, Taxes, Technology

Keywords: Digital platforms, Direct tax, Flat rate, Global, Goods and services tax, Gross income, Income and capital gains taxes, Income tax systems, Indirect tax, Peer-to-peer markets, Personal income, Sharing economy, Small and medium enterprises, Tax compliance, Tax liability, Tax treatment, Transaction costs, Value-added tax, WP

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2017/187
Stock No:

WPIEA2017187
ISBN:

9781484313763
ISSN:

1018-5941

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