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Businesses of all sizes are adjusting their business models to find success. As cost-competition and accessibility are forcing prices down, margins are decreasing. The result of this is that businesses must now sell to larger markets to see the returns they had historically experienced.
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But will it run afoul of anti-discrimination laws?
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In light of the massive amount of waste produced annually, we as a global community need to rethink our approach to consumption and increasingly shift our mindset from a linear "take, make, and dispose" school of thought to "reduce, reuse, and recycle," thus creating a circular, self-perpetuating economy.
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Many companies have thrived through innovation by leveraging the global connections. The crucial question is, if companies become so successful that they start to impact local economies, job markets, real estate prices, etc., should government intervene with regulation or let free markets reign?
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Housing spaces exist but are unused, and subletting platforms allow these resources to find takers. The methods being used to fight a phenomenon that is highly beneficial for society, and for people who are sometimes truly in need, are completely ridiculous.
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The magic of the sharing economy is not that I share something with you, it's that something shares multiple uses and different value to different people. We have to shift our focus from what we share to how the object, tool or resources share multiple purposes.
It is not fair to put taxi drivers through strenuous regulations in order to be able to make ends meet and support their families, and then give a free card to their competitor and allow them to do the same job with almost no restrictions.
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Uber thanks Toronto for "embracing ride sharing."
Dear Toronto City Councillor: You and your colleagues in City Council will soon decide the future of Uber in Toronto. Before making up your mind to ban a service that represents an emerging economic reality, I urge you to consider regulation -- and to consider it quickly.
Just the other day I climbed into Uber dressed in my military uniform. The driver asks for my advice: he recently became a Canadian citizen and wants to serve in our Canadian Armed Forces. I am hard-pressed to think of a time I felt as proud to be a Canadian.
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Regulating the sharing economy means changing rules for old industries, too.
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As life becomes increasingly mobile, there is an uptick in the number of Canadians who start and manage small businesses without brick and mortar locations. No matter how mobile or field-based entrepreneurs earn their income, it's important to understand how these modern business endeavours impact your taxes. Here's an overview of what you need to know before you file.
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Airbnb will also educate hosts on consumer protection rights.
Across Canada, our elected leaders are rewriting laws to accommodate Uber, while largely refusing to act when it or its drivers break the law. In no other industry would it be acceptable for a company to continue breaking the law while the government fiddles.