Assessing Tax Compliance in the Australian Sharing Economy (BULAW5916)

This essay assesses the extent to which tax compliance can be ensured within the Australian sharing economy, focusing on the challenges posed by platforms such as Uber and Airbnb. The introduction defines the gig economy and its key players, highlighting the issue of tax avoidance and the Australian government's efforts to address it. The essay then explores the difficulties in ensuring compliance, citing technological advancements, the decentralized nature of the economy, and the limitations of the existing tax system. It further examines the strategies that can be employed to improve compliance, including public awareness campaigns, multinational strategies, and regulatory measures. The essay concludes by emphasizing the ongoing challenges and the need for innovative approaches to effectively tax the sharing economy and ensure fairness within the Australian taxation system.