Share economy is not to share the wealth Airbnb, Uber avoidance States make a headache

Whenever Ian Hines (Ian Haines) lease their port city of Albany in Australia vacant play Olaf Games residential room, travel rental community will Airbnb charges a 13% commission. Hines is now in semi-retirement, he used the spare room rental revenue. Hines said, every time he will be careful to pay Airbnb commission, because San Francisco company will report all transactions to the Australian Government. But for Airbnb own, the situation is different. Airbnb through Irish subsidiaries and located in tax havens such as Jersey processing revenue and profit matters, only a small part of the income required to pay taxes in Australia or the United States Government. Overseas Regulatory documents show, Airbnb has publicly acknowledged its far more extensive network overseas, more than 40 subsidiary companies. For the world the Ministry of Finance and tax departments, Airbnb, Uber and other so-called "sharing economy" companies have become a huge challenge. Since these companies five years ago began the rapid development of many countries and cities are trying to ensure that they comply with the same rules as traditional hotel or the taxi industry, levy and collect local taxes to them, but often ended in failure. As these emerging companies increasingly profitable, and converted into larger economies, policy experts say the battle is likely to evolve into a national level, every year tens of billions of dollars in corporate tax may be at risk. The government reacted slowly. Former US State Department's top international tax lawyer Steven Shea (Stephen Shay), said: "These companies represent the future trend of the nature of their business and corporate structure so that they can have all the profits are kept outside the United States unless the tax department to find treatment. this new approach to the situation, otherwise the loss of the tax will not be calculated. " Over the years, including Pfizer and Merck, including pharmaceutical companies, Apple and Google (microblogging), including technology companies are evading taxes to the United States federal tax havens and methods to transfer profits abroad through overseas. Airbnb and Uber are beginning to this strategic expansion into new areas, the international accounting play Talking Angela Games firm PricewaterhouseCoopers estimates that "sharing economy" companies generate revenue in 2014 reached $ 15 billion in 2025 revenue will reach $ 335 billion. To a large extent, their development and growth are based on United States tax losses for the price. But this is not always a "zero sum game", emerging enterprises can expand the market. Due to budget cuts and lost more than the case of corporate tax was repealed IRS claimed that they have no way to count potential tax losses. In recent years, the US Treasury proposed measures to curb tax evasion technology companies. The State Council has issued a circular limiting the transfer of profit tax by merging. Airbnb refused to discuss their tax policies. Its spokesman Nick Pappas (Nick Papas), said: "We are all in place to conduct business and pay all the taxes should be paid when we make long-term business decisions, we all thought that the greatest benefits for the community. center." Once profitable, Airbnb's corporate structure will provide a range of options that can legally avoid paying taxes in the United States and elsewhere. Airbnb has two subsidiaries in Ireland, the local tax laws allow American multinationals to avoid paying US corporate tax of 35% in Ireland and 12.5% ​​income tax. Airbnb revenue from trading in more than 190 countries, including Australia Hynes spare room rent, the money is directly transferred to the payment center in Ireland. Airbnb charged the equivalent of 6% of the rent to 12% commission, after deducting the homeowner to pay 3% commission, all the money has been transferred to the group of countries which blocked most of the profits of the business. For multinational corporations, allowing them to Irish law by way of allocation of intellectual property easily profit to tax havens. Airbnb Jersey island has two subsidiaries, namely Airbnb International Holdings and Airbnb 2 Unlimited, there does not charge corporation tax. Tax experts say, if Airbnb its software IP assigned to Jersey, the company can be used by most of the concession fee will be transferred to profit here. Pharmaceutical and technology companies use a similar strategy to reduce the overall tax rate to single digits. Airbnb in Australia director Sam McDonagh (Sam McDonagh) said the tax advantage was never motivated the company to make strategic choices. He said: "We chose to play Barbie Dress Up Games establish headquarters in Ireland is the primary cause of a lot of talent there." Airbnb regardless of motives, the results are allowed to get the lowest rate of traditional competitors can not imagine. Airbnb is not the ownership of rental assets, which include 2 million homes, the equivalent of Wyndham, Hilton and Marriott hotel chain the sum of three rooms. US Securities and Exchange Commission released data show that between 2013 and 2015, average annual sum of three hotels profit of $ 2.3 billion, the United States would like to pay hundreds of millions of tax dollars each year. Uber is said by the Netherlands will be transferred to revenue outside the United States. Last fall, the "Fortune" magazine broke the news, Uber its IP assigned to the tax haven of Bermuda, less than 2% of the net revenue of the United States need to pay taxes. Outside the United States, many countries are also trying to curb the behavior of corporate tax evasion. In January, the British developed a 25% tax rate "Google tax" in order to stop Google, Apple and other multinational companies to evade tax liability. Ireland began to make up for last year's tax loopholes, including the abolition of the notorious "double Irish" (doubleIrish) tax system. Google said that they are not "Google tax" target, accountants are working to Malta and the United Arab Emirates as a "double-Irish" alternatives. Organisation for Economic Co-operation and Development is introducing more technical means to prevent big companies transfer profits. Director of the Tax Policy Center of the Organization, Pascal St. Adams (Pascal Saint-Amans), said: "We can debate these platforms in the end most of the value is in Silicon Valley (at the establishment of the platform) to create, or in Ireland (Platform Management provide services to) created. " The United States has the largest number of large companies, it is the only country of the multinational global tax revenues. The United States is likely to be in the most dangerous state. Stalemate in Washington, the Obama administration proposed to include a minimum levy on the global revenue of US corporate tax rate of 19%, regardless of whether the money flowing into the United States. While strictly limiting foreign income deferred entry and use of corporate structure in any country to escape taxes. University of Michigan Law School professor of international tax play Cooking Games law Ruben Ivey - Jonah (Reuven Avi-Yonah), said: "At some point, we have to do something before we just want a bad outcome, will not lose too much revenue. . "