Are Taxes Crippling The Car-Sharing Industry?

Car Sharing

The car sharing industry in the U.S. is struggling amid an extremely high tax burden, according to DePaul University data reported by the Wall Street Journal. Many cities apply tax rates of over 10 percent on ride-sharing companies while ride-hailing firms are thriving amid lower tax breaks. Read more on Forbes.

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This chart shows taxes on a one-hour car rental in selected U.S. cities in 2016.

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Are Taxes Crippling The Car-Sharing Industry?

Car Sharing