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Entrepreneurship, Etihad Guts Brussels Air awards, #Bumpgate

April 14, 2017 By Trevor Leave a Comment





The Weekly Travel News Roundup is a collection of headlines from around the internet that caught the attention of the Tagging Miles team. Content on these blogs do not necessarily reflect the positions of Tagging Miles, and should not be considered endorsements. Have a great story we should read? Contact us now and let us know.

Travel

  • I totally missed this one last week. Great Disney World on property hotel hack. If you’re going to Disney, please stay on property (my recommendation), and this hack makes it a whole lot more affordable!
  • Etihad has gutted Brussels Airline Awards. This was previously a huge sweet spot.
  • Nick, writing for Frequent Miler has a cool post on spending Chase Ultimate Rewards points.
  • Another installment from the Girl and Globe takes on Vietnam. Before reading this, I couldn’t even find Hoi An on a map, now I’m curious enough to look. 
  • Last call to earn and redeem Alaska Airlines miles on Delta, from Travel Codex.

Hotels

  • Hyatt is awarding free nights, but they aren’t necessarily telling you when you’ve earned them. This is why AwardWallet is so great!

Miles, Points, Reselling and Amazon

  • Hobbies and side businesses, perhaps an apt article as we approach tax day. 
  • Shawn follows up on his post and the concerning trend of sellers that are purely fraudulent. 
  • Ariana talks about why she’s not manufacturing spend as much lately. I think her post really underscores how important various bank relationships are, and how we should treat them more than just transactionally. 

Tagging Miles – #Bumpgate and more!

  • More Progress for a DC to Baltimore MagLev
  • #Bumpgate:
    • Airlines Respond to United
    •  Over Covered in the Blogosphere?
  • United Takes Safety Seriously
  • Welcome to April! Q2 5x Opportunities

Filed Under: Weekly News Roundup Tagged With: Entrepreneurship, United Airlines, Weekly News Roundup

Airbnb and Entrepeneurship

July 3, 2016 By Trevor 7 Comments

Recently Ed posed the question: Should Airbnb be illegal? This question resounded with me, not because I have any great interest in Airbnb. Heck, I haven’t even stayed at an Airbnb. But, rather, the question resounded with me, because Airbnb facilitates entrepreneurship.

Background

While most discussions about Airbnb focus on the sharing economy–the idea that if you’re not using something, share it, and you can make some money, and others with a need get a discount–Ed’s particular post talks about the business side. You see, New York legislators are attempting to fine folks who advertise short term rentals. Airbnb makes the argument that this is in support of the hotel industry and will lead to people losing their homes. Ed appropriately notes that both positions are stark.

Airbnb and Entrepeneurship

The thing that strikes me more about Airbnb is the opportunity for using ones own assets for entrepreneurship with little barrier to entry. It’s a lot like reselling on Amazon. Which, while more refined, is still an area with a lot of gray area. For example, in Ed’s post, he talks about collecting and remitting hotel taxes. The same could be said about sales taxes in reselling.

Like Ed, I don’t want to see over-regulation. That requires entrepreneurs to be responsible and report their income. I would argue that there should also be a “start up period,” with respect to hotel taxes for Airbnb, and sales tax for resellers, such that folks have a year or two to become fully compliant. The idea is that it takes a year or two for folks to establish a side business. To expect them to meet all regulatory requirements of a big business, like a hotel, or a multi-million dollar reseller, right out of the gates, puts up a rather large barrier to entry. Such barriers help only those entrenched, whereas we’ve seen time and time again, that they hurt market disruptors like the sharing economy.

Bottom Line

The sharing economy, like other niches, represent great opportunity for those with the entrepreneurial spirit. The challenge comes with attempting to have all parties play on an equal playing field. That said, one of the great things about the US is the fact that entrepreneurship is valued. As such, should be accounted for in various legal and tax calculations. Companies like Airbnb should be positioned to collect the necessary taxes, to facilitate compliance. Just the same, there should be some limited time grace period for small businesses to ramp up to a point where they can meet regulatory requirements. I think this is the same concept as in reselling, with things like sales tax. Finally, I think there needs to be personal responsibility, meaning if you generate a profit, you pay your fair share.

What do you think? How should side gigs and sharing economy businesses be treated?

 

Filed Under: Editorial Tagged With: Airbnb, Entrepreneurship, Reselling

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