Richard Hoffman CPAMichael H. Karu, CPA/CFF/CGMA, Past-Managing Member, Levine, Jacobs & Company, L.L.C., was quoted in an article on Bloomberg titled “Tax Collectors Are Going After Netflix, Airbnb, and Burning Man”.

The article discusses potential new tax impositions on streaming services, ride-sharing services, music festivals, junk food, e-cigarettes, and short-term room rental services. The taxes that the government seeks to impose could lead to controversy and dissatisfaction. Karu believes the government will attempt to implement taxes on any type of product or service that is developed, so long as people do not complain excessively about it.

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