Welcome

OECD Model Rules Aim to Standardize Gig Economy Tax Reporting

April 19, 2021, 2:08 PM

Gig economy platforms such as Amazon.com Inc. and Uber Technologies Inc. have model rules from the OECD for reporting tax activities of vendors on their platforms.

Under the rules published Monday by the Organization for Economic Cooperation and Development, such platforms would be expected to collect and store information on vendors who use their services. The aim is to help tax authorities minimize avoidance and evasion of value-added tax and goods and services tax.

  • “Through these new technology-enabled enterprises, tax authorities worldwide have far greater visibility of previously informal activities, creating new opportunities to enhance tax compliance and ensure the...

To read the full article log in. To learn more about a subscription click here.