Uber Examined by IRS, Foreign Authorities for Tax ChargesMore
(Bloomberg) — Uber Technologies Inc. is being examined by U.S. tax authorities and said that its potential tax charges in a number of key markets could change.
The recently-listed ride-hailing company said in its S-1 disclosure in April, and repeated its 10-Q filing Tuesday, that the IRS is examining the tax years for 2013 and 2014. Uber also added that it is under examination by other state and foreign tax authorities, and that its tax benefits are to be cut due to the company’s “transfer pricing positions.”
Uber gained 2.6% at 9:34 a.m. in New York Tuesday as broader stock indexes recovered from the previous day’s sell-off. The stock was down 8.3% from the IPO price of $45