Even before she took the job as the FTC’s new Chair, Lina Khan had her sights set on big tech. But few expected the Chair to block tech companies from buying into gaming.
Beginning January 1, 2023, the IRS will require payment processors like Venmo, Cash App, and Zelle to issue a 1099-K for business transactions totaling $600 in a year.
Regulatory sandboxes are a solution that Libertas Institute has researched extensively, and we stand ready to help your state pursue this reform opportunity as we have with Ohio.
The DOL’s proposed rule, reclassifying many independent contractors in the gig economy as employees, will complicate the relationship between gig workers and their customers — resulting in fewer jobs, reduced income, and less economic opportunity.
Underneath the legal issues and political problems, what is most interesting is that platforms like Uber and Lyft actually agreed to pay for statutorily mandated benefits because the cost of reclassifying workers as employees was even greater.
