Taxation and the Peer-to-Peer Economy
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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.
Series:
Working Paper No. 2017/187
Subject:
Economic sectors Income and capital gains taxes Income tax systems National accounts Personal income Sharing economy Small and medium enterprises Taxes Technology
English
Publication Date:
August 8, 2017
ISBN/ISSN:
9781484313763/1018-5941
Stock No:
WPIEA2017187
Pages:
36
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