‘Uberisation’ of economies pinching state tax revenues

Tax pinch: The "sharing economy" made popular by services such as Uber is challenging the paradigm of traditional service businesses, and forcing national tax authorities to scramble for a way to get their piece of the action.

PARIS: With “sharing economy” services like Uber, Blablacar and Airbnb spreading among consumers, state tax collectors risk experiencing a revenue pinch as these new collaborative players capture market share from traditional businesses. 

The so-called “Uberisation” of commerce is both rising in volume and spreading across an ever-larger number of sectors – ranging from apartment, car and power tool sharing to money lending and food services.