THE GIG ECONOMY: CHALLENGES FOR TAX SYSTEM

Authors

  • Beatrice Oyinkansola Adelakun Illinois State University Author

DOI:

https://doi.org/10.60087/jklst.vol3.n3.p1-8

Keywords:

Gig economy, Gig worker, Tax system

Abstract

Tax system in this modern day is inherently complex and dynamic in nature coupled with the fact that it is being influenced by a variety of factor. The main objective of this study is to evaluate tax compliance in the gig economy: the need for transparency and accountability. Using the Saunders’ Research Onion layers, the study employed the use of quantitative data and qualitative data. Structured questionnaire and interview were used as data instrument. Data collated werecoded and then subjected to analysis.Theresultof the findingsshows that 66.6 % of the respondentsstronglyagreedto tax compliance. The findings of the study also shows that 33.3% strongly agreed, agreed, disagreed and strongly disagreed that tax system does not take gig economy inti consideration while designing it. Theresultalsoshows that challengesbeing faced by gig workers in reluctanceto tax paymentincludepoor communication from tax authority, platform not doing enough and social norms. Conclusively, tax systems did not put gig economy into consideration when been designed.

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Published

05-07-2024

How to Cite

Beatrice Oyinkansola , A. (2024). THE GIG ECONOMY: CHALLENGES FOR TAX SYSTEM. Journal of Knowledge Learning and Science Technology ISSN: 2959-6386 (online), 3(3), 1-8. https://doi.org/10.60087/jklst.vol3.n3.p1-8

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