Tailored Tax Responses Needed For Gig Economy, OECD Says

Law360 (April 19, 2021, 8:14 PM EDT) -- The onset of new modes of work presents unique challenges for value-added and goods-and-services taxes, but no single solution exists for policymakers, according to an Organization for Economic Cooperation and Development report released Monday.

The OECD released a report Monday about the challenges faced by value-added and goods-and-services taxes in the gig and sharing economy. (AP Photo/Francois Mori) Responses to the so-called gig and sharing economy should be tailored to individual industries and tax jurisdictions, particularly because it's still at an early stage despite having brought major changes already, the report said. The research for the OECD builds on a July...

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