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19 Feb, 2015

Are Airbnb and Uber creating a new black economy? – Sydney Morning Herald

It is called the “sharing economy”. It has been embraced by millions of consumers globally, and has made multi-millionaires out of the savvy entrepreneurs behind its most high-profile services, like Uber and Airbnb. But for governments in Australia, and around the world, it has proved to be a difficult beat to police.

The likes of Uber, the taxi industry disrupter, and Airbnb, the room-sharing service, have at times refused to play ball with governments. Uber, for example, has flouted widespread bans on its operations, while Airbnb has frustrated local authorities amid complaints from neighbours about noisy renters or rooms rented through its site being used for prostitution.

Read the rest: Are Airbnb and Uber creating a new black economy?.