Live data from Hacker News

Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue

businessinsider.com.au

1–10 of 431 posts

Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue

#6
I don't fully understand the part about Dutch shell companies, but it seems perfectly believable that Uber would have $6B in revenue and still operate at a loss (and owe no income taxes). Isn't that the big criticism of Uber's business model -- that they can't turn a profit at rates people are willing to pay while also compensating drivers?

Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue

#7
This should be stamped out and severely penalised. I'd even go as far as banning such company from operating in the country until they close entire tax avoidance network. If you wanted to create a local Uber clone, you just won't be able to compete because from the start you'll have to pay probably order of magnitude more tax than a big corporation. Then less competition means less innovation, consumers are worse off and capital is drained off the country. Another problem is that in many western countries anti corruption bodies just drain the tax payer and do nothing. I can see plenty of examples of blatant corruption, but I have not heard of anyone being charged let alone if there was any investigation going on.

Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue

#9
post #5

Please deflame the headline. Tax avoidance is not tax dodging.

What's the difference? Legality? If so, I'm not sure anybody really cares about whether it's legal (in an intellectual sense). People are much more interested in morality and whether a system is working well for society.
Post reply on HN