European Parliament Library

Taxation and the Peer-to-Peer Economy, Aqib Aslam, Alpa Shah

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
Table Of Contents
Cover -- Contents -- I. Introduction -- II. The Peer-to-Peer Economy -- A. The Scale of the Peer-to-Peer Economy -- B. Some Theory and Empirics on the Peer-to-Peer Economy -- Shrinking Transaction Costs -- A Short Primer on Two-sided Markets -- Some Empirical Results from the Literature -- III. Key Tax-Relevant Features of the Peer-to-Peer Economy -- A. Growth and Classification of P2P Activities -- B. Low Incomes, Low Rents -- C. Correcting for Externalities -- D. P2P Platforms as Data Recorders -- IV. How Should We Tax the Peer-to-Peer Economy? -- A. A Neutral or Targeted Treatment of P2P Businesses -- B. Tax Thresholds -- C. Cross-Border Taxation of P2P Services -- D. Treatment of Capital and Labor -- E. A Presumptive Tax System for the P2P Economy -- F. Exploiting Technology to Improve Tax Administration -- V. Conclusions -- Box 1. The Peer-to-Peer Economy in Developing Economies -- Box 2. Current Tax Treatment of P2P Businesses
Literary Form
non fiction
Physical Description
1 online resource (37 pages)
Specific Material Designation
Form Of Item

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