The exponential growth of the sharing economy highlights the challenges of state and local governments’ application of outdated income, sales, and use tax laws and principles. As this sector continues to grow, taxing jurisdictions are struggling to address whether to tax, how to tax, who to tax, and how to source revenue from businesses involved in the sharing economy.

Akerman’s Tax Practice Group works closely with the innovative business in the sector to approach and answer fundamental questions about the tax liabilities of companies in this new economy. From vehicle ridesharing companies to short-term property rental facilitators and a host of app developers and other companies that match a supplier or seller community to a buyer or renter community, we work with these innovative businesses to solve the complex new taxation questions, devise tax strategies, develop and manage compliance programs, and defend against litigation and controversy.