Taxation Law and Practice Assignment: Gig Economy Analysis

This assignment delves into the complexities of Australian taxation law within the context of the sharing or gig economy, analyzing the challenges faced by the Australian Tax Office (ATO) in ensuring tax compliance from platforms like Uber, Airbnb, Airtasker, and Deliveroo. The essay critically assesses the viability of controlling data systems as a means to enforce tax obligations, arguing that while such measures may offer short-term benefits, they are unlikely to ensure long-term compliance due to the adaptability of gig economy participants. The assignment further explores various strategies to improve tax compliance, drawing on methods employed in European countries, such as information disclosure, sensitization of taxpayers, establishing records of company beneficiaries, and utilizing certified financial firms for auditing. The essay highlights the need for a comprehensive approach that addresses the evolving nature of the gig economy and outdated taxation methods to effectively combat tax avoidance and evasion.