Taxation and the Peer-to-Peer Economy

Aqib Aslam () and Alpa Shah

No 2017/187, IMF Working Papers from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 36
Date: 2017-08-08
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Citations: View citations in EconPapers (4)

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