Cover IMF Working Papers
Taxation and the Peer-to-Peer Economy
Author: Aqib Aslam and Ms. Alpa Shah
Series:
IMF Working Papers
Volume/Issue:
Volume 2017: Issue 187
Language:
English
Publication Date:
08 Aug 2017
DOI:
https://doi.org/10.5089/9781484313763.001
ISBN:
9781484313763
ISSN:
1018-5941
Pages:
36
Keywords:
WP; tax treatment; value-added tax; gross income; flat rate; goods and services tax; Digital platforms; direct tax; indirect tax; peer-to-peer markets; tax compliance; transaction costs; tax liability; Sharing economy; Personal income; Small and medium enterprises; Income tax systems; Income and capital gains taxes; Global
Legal-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.
Download PDF (1.5 MB) Download Epub
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.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund