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Uber Hit with $650M Employment Tax Bill in New Jersey

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Re: Uber Hit with $650M Employment Tax Bill in New Jersey

#4
Jersey City just had a public referendum on short-term rentals that AirBnB spent millions of dollars lobbying against. It's good to see that the both the public and its elected officials are coming up to speed on the realities companies like Uber and AirBnb force upon them by skirting the law.

Re: Uber Hit with $650M Employment Tax Bill in New Jersey

#7
post #4

Jersey City just had a public referendum on short-term rentals that AirBnB spent millions of dollars lobbying against. It's good to see that the both the public and its elected officials are coming up to speed on the realities companies like Uber and AirBnb force upon them by skirting the law.

> Jersey City just had a public referendum on short-term rentals that AirBnB spent millions of dollars lobbying against.

Lobbied against and still lost by an enormous margin (70 percent of voters supported the new regulation).

https://www.nytimes.com/2019/11/05/nyregion/airbnb-jersey-ci...

https://news.ycombinator.com/item?id=21459486

Re: Uber Hit with $650M Employment Tax Bill in New Jersey

#8
post #3

If the state wins, I wouldn't be surprised if Lyft and Uber pulled out, or at least increased their fares by a substantial amount.

Closing the loophole in the law that lets them treat workers as "contractors" rather than employees is going to torpedo their whole business model.

Re: Uber Hit with $650M Employment Tax Bill in New Jersey

#10
post #4

Jersey City just had a public referendum on short-term rentals that AirBnB spent millions of dollars lobbying against. It's good to see that the both the public and its elected officials are coming up to speed on the realities companies like Uber and AirBnb force upon them by skirting the law.

> Jersey City just had a public referendum on short-term rentals that AirBnB spent millions of dollars lobbying against. Lobbied against and still lost by an enormous margin (70 percent of voters supported the new regulation). https://www.nytimes.com/2019/11/05/nyregion/airbnb-jersey-ci... https://news.ycombinator.com/item?id=21459486

Yep, nearly 70% of voters voted against allowing short-term rentals. AirBnb spent over $4 million on that local election alone[1].

[1] https://www.cnbc.com/2019/11/06/airbnb-suffers-setback-in-je...

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