Taxes, Regulations, and the Emergence of the Sharing Economy
Morgan Reed is the executive director for ACT | The App Association. Last week, I testified before the House Small Business Committee at its hearing, “The Sharing Economy: A Taxing Experience for New Entrepreneurs.” The discussion focused on how labor laws and tax policy should evolve to better reflect the American workforce of today. As executive director of ACT | The App Association, I represent the interests of more than 5,000 app makers and connected device companies across the country. Our members leverage the connectivity of smart devices to create innovative solutions that make people’s lives better. Some of our members are part of the growing sharing economy, which is characterized by peer-to-peer exchanges of goods both digital and physical.