On-demand or ‘gig’ economy is characterized by Apps like Uber have marked a trend in the way workers are employed. Increasing trend of flexible work arrangements may have been caused by various reasons: reducing business costs, enhanced technology, and flexibility. Job security has become a concern for even many employees. 1 Recent studies show that…
Author: Susie Choi
The Future of Bitcoins?
Bitcoin, digital currency, is a first Web-based payment system that charges no or minimal fees for a transaction. Several advantages are associated with Bitcoin and offers a viable alternative to existing currencies. Bitcoin reduces transaction costs (Marc Andreessen, Why Bitcoin Matters. (Jan. 1, 2014), http://dealbook.nytimes .com/2014/01/21/why bitcoin Matters.)) Bitcoins is decentralized in nature and provides…
Domestic and International Tax Proposals to Address Tax Aversions of Multinational Companies
Many U.S.–based multinational corporations are holding profits abroad for tax avoidance purposes. A recent study found that 57 of Fortune 500 companies would have paid $184.4 billion in U.S. taxes collectively if their profits were not filed offshore.1 For example, Apple has booked $181.1 billion offshore and would have owed $59.2 billion if they were…