Sharing economy regulations in Europe and China - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Sharing economy regulations in Europe and China

Description:

Sharing economy is creating much more value and growth of these economy triggers many countries to adopt regulations for the safety of both sides who access those platforms. Let’s see how it is regulating in Europe and China. – PowerPoint PPT presentation

Number of Views:0
Date added: 27 September 2019
Slides: 17
Provided by: keerthana_pandian
Tags:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Sharing economy regulations in Europe and China


1
SHARING ECONOMY REGULATION IN EUROPE AND CHINA
2
S
Y
N
O
P
S
I
S
  • Evolution of sharing economy
  • Regulations in Europe
  • Business entities or private individuals
  • Contractual relationship
  • Insurance
  • Taxation
  • Regulation in member state of Europe
  • France
  • Belgium
  • United kingdom
  • Regulations in china

3
EVOLUTION

OF

SHARING

ECONOMY
  • Sharing economy, it all started when people
    around the world are ready to rent rooms, cars,
    equipments, co-working space to the people who is
    in need.
  • It is offering endless possibilities to enjoy the
    benefits like high degree of freedom, easy
    adaption, geographical distribution, and it has
    to be enabled with transparency in security and
    insurance coverage.
  • In the future, it will continue to expand and
    evolve with secure technologies as we never
    imagine.
  • Lets us see how it is regulated in Europe and
    China

4
Regulations in Europe
5
E
U
R
O
P
E
  • The sharing economy has become an inevitable part
    of the global economy.
  • The regulation are acknowledging that this
    economy is increasing and providing new
    opportunities.
  • Regulating is not an easy task but it is still
    growing in many ways and european level
    integration will confer many benefits.
  • The rise of this economy has grabbed regulatory
    attention in both national and european levels.

6
Business

entities or

private

individuals
  • Sharing economy growth is changing the face of
    European business as well as many platforms
    around the world.
  • At the same time, the fast-growing sharing
    economy is providing personal services on demand
    as well as creating new opportunities.
  • The rate of profit growth in this sector will be
    approximately 50 per year.

7
CONTRACTUAL



RELATIONSHIP
  • This platform is providing a contractual
    relationship by building trust.
  • Let us take the example of Uber,
  • Uber is providing comprehensive guidance to
    drivers concerning the legal side of
    ride-sharing.
  • It guarantees to users in case of emergency and
    expecting this economy will acquire more
    liabilities and regulations.

8
INSURANCE
  • Major advent of this economy is insurance.
  • Let us take an example of Airbnb,
  • If someone thrashed your apartment, in case of
    any emergency or any disagreement between
    platform and service provider, Airbnb now
    guarantees to pay for damages at a certain
    amount.

9
TAXATION
  • Paying tax is important for the business.
  • Income from this economy services should be
    declared and taxed because revenue from these
    platforms is escaping the attention of tax
    authorities.
  • Avoid paying tax is an endemic problem in Europe,
    hence taxation authorities have found the correct
    way to ensure proper oversight with these income
    streams.

10
Regulations in member state of Europe
11
F
R
A
N
C
E
  • It stands out as an undisputed leading figure in
    the sharing economy. It accounts for EUR 6.5
    billion and approx 75,000 people employed by
    these platform in France.
  • The legislative framework in France is flexible
    and supportive of the development of this
    economy.
  • With the unexpected growth in France, regulations
    are becoming more tougher and it is expected to
    be a future source of revenue.

12
B
E
L
G
I
U
M
  • The overall market volume is approximately EUR
    171.6 million with total employment of 2228
    persons. The accommodation sector generated the
    highest revenue with EUR 70.5 million.
  • According to the regulation in belgium, all the
    employees can earn revenue upto EUR 5000 per year
    and it is taxed at a rate of 10.
  • It is instructing that these platforms are
    responsible for collecting the taxes and
    transaction should take place on the platform
    approved by belgian authorities.

13
U
N
I
T
E
D
  • Its overall market reach is EUR 4.6 billion and
    the number of employees is estimating at up to
    69, 431 and it is second to france.
  • Regulations in UK is as follows,
  • Both the service providers and users should act
    honestly and sustain strong relationships in
    building trust.
  • Platforms should provide a high level of safety
    for all products and services and also for all
    the business transactions.

K I N G D O M
14
Regulations in China
15
  • Chinas sharing economy is expecting to keep a
    rapid annual growth rate of more than 30 over
    the upcoming years and turnover of chinas
    sharing economy reached 4.9 million yuan (763.5
    billion) and employees were upto 7.16 million.
  • It involves,
  • The platform should be a registered company with
    legal personality and it should contain safe
    payment solutions with proper payment gateways.
  • The platform operators should set up a set of
    internal management rules and should fulfill the
    needs adopted by local authorities.

C H I N A
16
THANKS!


For more updates,

Visit- www.rentallscript.com/blog/
About PowerShow.com