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The sharing economy


The rise of the sharing economy has forced traditional industries to adapt to survive, and has also challenged traditional tax laws to be reviewed. There are three broad challenges that the sharing economy poses in a tax context. The first concerns the tax issues that arise for the providers of goods and services in the sharing economy. The second addresses the facilitators of sharing economy online platforms and the cross-border issues they face. The third addresses the other administrative challenges that the sharing economy presents for the ATO, particularly in relation to information-gathering and enforcement.

This article explores these challenges and also analyses crowdfunding and other types of sharing economy transactions in the Australian market, the Federal Court’s Uber GST decision, the employee versus contractor divide, and compliance and registration issues for the sharing economy.

Author profile

Kristen Deards SC
Photo of author, Kristen DEARDS Kristen has an extensive taxation practice and appears for taxpayers and the Commissioner of Taxation in income tax and GST cases in the Administrative Appeals Tribunal, the Federal Court and the High Court of Australia. She has appeared in a large range of tax cases, led and unled, from complex Part IVA and transfer pricing cases, to disputes concerning CGT, the consolidation regime, international tax, superannuation, insurance, trusts and charities. An income tax practitioner for fifteen years, Ms Deards has an extensive opinion practice advising corporate taxpayers and high wealth individuals, and she regularly advises taxpayers on the conduct of audits undertaken by the Commissioner of Taxation. - Current at 31 May 2019
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