An Interest In:
Web News this Week
- April 4, 2024
- April 3, 2024
- April 2, 2024
- April 1, 2024
- March 31, 2024
- March 30, 2024
- March 29, 2024
December 21, 2016 07:53 am PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/J1ofwLS0Q1A/ubers-vat-avoidance-means-it.html
Uber's VAT-avoidance means it owes millions to EU states and will face huge cuts to future EU profits
The 2015 UK Employment Tribunal case that determined that Uber drivers were employees means that Uber will have to give the UK government 16.67% of its drivers' earnings for Value-Added Tax, going back four or more years (that would be £20 for 2015 alone); and the ruling will likely apply to Uber's EU-wide rules (because VAT rules are harmonized across the EU) -- so not only does Uber owe hundreds of millions to EU governments for the past 4+ years' earnings, but it will face a 16.67% (or more) reduction to all future earnings. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/J1ofwLS0Q1A/ubers-vat-avoidance-means-it.html
Share this article:
Tweet
View Full Article