It's going down again ! fiverr and upwork are encountering problems as well. What is happening ? It is more and more likely that tech companies will be taxed in the territory where they offer web services. This will create more expenses for smaller companies such as FLN. France started with a trial but it is said in the G7 that a worldwide agreement is in the make for a more fair distribution of taxes coming from companies that operate through internet. Example: Customer that hires from WURSTENSCHMECKEL (Germany) a FREELANCER in BURUNDI will be paying a 5% to the German government for the hiring. These type of taxes will affect the rentability of FREELANCER.COM and will cost the company more money to keep itself compliant.
FLN Price at posting:
73.5¢ Sentiment: Sell Disclosure: Held
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