Monthly Archives: July 2016

Car-Sharing Industry Carries Heavy Tax Burden

The Wall Street Journal – July 22, 2016

Local taxes put Zipcar and Car2Go at a disadvantage in competing with ride-hailing services Uber and Lyft, research by DePaul University shows

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Uber Just Completed Its Two Billionth Ride

Forbes – July 18, 2016

On Monday morning, Uber cofounder and CEO Travis Kalanick announced the ridesharing startup reached two billion total trips completed on its platform last month. The milestone comes less than six months after Uber hit one billion cumulative rides at the end of 2015, which took Uber more than five years to accomplish. Completing a billion trips in the first half of this year shows remarkable growth following rapid expansion into many countries around the world.

Why Americans Love The Sharing Economy

The Federalist – July 17, 2016

Not only do many workers prefer to take part in the sharing economy, but in the current period of low economic growth it is an essential way to increase Americans’ earnings. More than half of those people who provide services through the sharing economy say they became better off financially over the past year. This is above the 32 percent level of other workers who make the same statement.