The notion of Uber being a drive-hailing platform means that actual and potential drivers alike, most of them will be independent contractors that only take driving as a side job in their free time to earn some extra income. In a sense, choosing to work as an Uber driver is the way they choose to spend their legal paid holiday, or even after their primary job, when they are still felling productive. The ‘productivity’ effect in this case is therefore only limited at best, as it only affects the small portion of ‘full-time’ drivers that take Uber driving as their primary job and income. Such argument would be even weaker for potential drivers. As Uber is now obliged to pay existing drivers even when they are not working, Uber will have to either raise fares that can result in less demand to the service, or to cut cost by limiting the number of drivers on its platforms.
There is major implications for Australian businesses who currently do pay operate tax and GST as they are the ones having to compete with the new Peer-to-peer empire. The effect on the Taxi industry alone shows the huge impact peer-to-peer companies like Uber can have upon the value of an existing industry. There is a perceived “unfairness” for Australian businesses against these new international players. As one of the treasury departments key policy values is to promote Australian businesses, something but be done to give the Australian businesses an even playing field. Policy Context Important to note the current policy suggestions for companies engaging in BEPS by OECD (The international Organisation for Economic Co-opperation and Development) as the OECD has funded extensive research into possible policy solutions for individual and multilateral
The study found that a NIT with a 22% marginal tax rate and 11% per-capita GDP transfer would have a 2.1% increase in consumption. Further, the study found that under the NIT the biggest gains are made by low productive agents in the economy. If the NIT were to be implemented without a transfer payment, there would a loss of 4.1% in the welfare of citizens relative to the present tax code. Daneri also notes that a flat tax policy would to underperform a NIT. Daneri offers what he calls the “Popular NIT”, which calls for a 19% marginal tax rate and 9% per-capita GDP transfer.
Sales tax is income elastic; because of this fact, consumers have a higher tax incidence and carry the burden. From this, it has been evidenced that the tax burden is vertically unequitable and can be seen as unfair to the less fortunate. Sales tax is paid by retailers, which is dependent upon their sales revenue. However, since the demand of consumers is inelastic and can vary based on market and economic conditions, this burden is felt more by lower income individuals and families. However, it is important to note that the tax burden is independent of who physically pays the tax.
Population Growth expands the tax base and results in more tax
The injunction application against UberTAXI, UberX, and UberBLACK filed by the City of Toronto has recently been dismissed by a judge with the Ontario Superior Court. Judge Sean Dunphy stated in his ruling that the City of Toronto failed to demonstrate that Uber was in breach of Toronto 's municipal bylaws. The City of Toronto argued that Uber placed public safety in jeopardy by operating a limousine service and a taxicab brokerage business in an illegal manner, and sought to shut down the ride-sharing service unless it secured a valid municipal license. Uber conveyed that it was simply provides the service of linking passengers with limo and cab transportation services, as opposed to operating a limousine or cab operation.
In her review of Supersizing Urban America by Chin Jou, titled “'Supersizing Urban America': How U.S. Policies Encouraged Fast Food To Spread”, Tove Danovich discusses the arching topic of national policy and the effect it had with Americans waistbands. Danovich reaches the conclusion the source of the abundance of fast food in underdeveloped communities can be traced back to the 1960s race riots and the formation of the Small Business Association. I, on the other hand, hypothesize it can be trailed back to the end of WWII and the G.I. Bill. In my analysis of her essay, I conclude the government's response to racial inequality lead to the rise of fast food franchises and obesity in low income neighborhoods.
Omaha Steaks was founded in 1917 as a family-operated company. The company has been very successful in establishing the reputation as a premium provider of the finest quality gourmet products such as steaks, meats, and seafood (“Corporate Profile”, 2015). Through its high quality products, its ability to adopt new technology and innovation, and various marketing channels to connect with customers, Omaha Steaks has grown from a single butcher shop to a national quality food provider (“Multiplechannel Strategy”, 2012). Omaha Steak’s Marketing Strategy Omaha Steaks focuses on four marketing channels to connect with its existing and potential customers; consumer direct, retail, incentive business, and online marketing. The principle behind Omaha
Doing this would help the business grow in capital. Passing the act would raise the amount of income for people in the United
By lowering taxes and cutting down regulation it will encourage business formation and create more jobs. “Taxes, by their
Without the creation and spread of these transportational innovations, the United States of America would have progressed differently. Workers were now able to travel to business centers more efficiently and faster paced as well. Businesses are able to expand even more, because they can now hire people from a larger area. This increases the amount and quality of workers that
manufacturers via higher prices that American families and businesses would have to pay for these domestic producers’ goods. Which means,” a 10 to 15% tax on these goods translate to $1,100 to $1,650 per year “(Lincicome). This affects the upper class because instead of spending the money on investments, healthcare, or housing they would have to spend it on manufactured goods. In this case it affects the upper class
As them owning a small business we know all about how hard the taxes are on a small business. I believe small businesses
Political factors have huge influence on the profitability of the automobile industry. Political also include goods and services which the government wants to provide and goods
Nowadays, a lot of people have their own cars and one family might have more than two cars even. People find it impossible to live without cars but they don’t know how negatively it affects their life and even the environment around them that will affect their future later. No one can regret how cars are really important and useful in life but no one knows how it can make their life gloomy. The government should definitely start taking a step and stopping cars in big cities. Cars should absolutely be banned from big cities for pollution, traffic and accident problems.
