[URL="http://www.bloomberg.com/news/articles/2016-04-06/the-sharing-economy-doesn-t-share-the-wealth"]SOURCE[/URL]
[QUOTE]Every time Ian Haines rents out his spare room in the Australian port city of Albany, Airbnb takes a 13 percent cut. Haines, who’s semi-retired, uses the extra money to supplement his income running a local farmers market. He says he’s careful to pay taxes on the Airbnb money, because the San Francisco company may report the transactions to the Australian government.[/QUOTE]
Odd that you chose that as the snippet, since the article is more about internet-based tech companies squeezing out local competition by using tax havens and avoiding local regulations than it is about the % that airbnb and uber keep.
From the article:
[quote]This is the challenge that Airbnb, like Uber and other companies in the so-called sharing economy, poses for the world’s treasuries. In the five years since these businesses began their spiraling growth, some cities and states around the globe have fought hard to make them play by the same rules as traditional hotels or taxis and collect various local taxes—often as not, they’ve lost. As the new breed of companies moves toward profitability, transforming larger chunks of the economy, policy experts say the battle is likely to shift to the national level, where billions of dollars a year in corporate taxes could be at risk.[/quote]
[QUOTE=proboardslol;50122675]Odd that you chose that as the snippet, since the article is more about internet-based tech companies squeezing out local competition by using tax havens and avoiding local regulations than it is about the % that airbnb and uber keep.
From the article:[/QUOTE]
I pick the first or second paragraph for every article I post. Its your job to read the rest.
[QUOTE=axelord157;50122681]I pick the first or second paragraph for every article I post. Its your job to read the rest.[/QUOTE]
doesn't hurt to pick a paragraph that's a bit more relevant to the title of the article, though.
[QUOTE=Missy<3;50122704]doesn't hurt to pick a paragraph that's a bit more relevant to the title of the article, though.[/QUOTE]
fair point.
I think some taxes such as payroll tax are avoided because Uber drivers and Airbnb hosts aren't actually considered employees.
Or am I wrong? Are Uber drivers considered to be employees?
[QUOTE=Badballer;50122728]I think some taxes such as payroll tax are avoided because Uber drivers and Airbnb hosts aren't actually considered employees.
Or am I wrong? Are Uber drivers considered to be employees?[/QUOTE]
Uber doesn't consider them to be employees anywhere they can do so. They aren't avoiding any taxes, the drivers will have to pay the relevant taxes that Uber would normally be responsible for (though that does cut into the effective income for drivers).
I mean avoid as in its a tax that a taxi company would need to pay for their drivers compared to uber who wouldn't.
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