Tags: uber | irs | tax | returns

Uber: IRS Looking at Its 2013-14 Tax Returns

Uber: IRS Looking at Its 2013-14 Tax Returns
(Lindaparton/Dreamstime)

Tuesday, 04 June 2019 08:21 AM

The U.S. Internal Revenue Service is currently looking at Uber Technologies Inc.'s taxes for 2013 and 2014, and the ride-hailing company said it expects unrecognized tax benefits to be reduced within the next year by at least $141 million.

Uber also said in a filing on Tuesday that various state and foreign tax authorities were looking into its taxes.

The company's shares, which closed up 2% on Monday, were down 1% in premarket trade.

Uber was the biggest of a group of Silicon Valley startups to go public this year against the backdrop of a global stock market sell-off sparked by renewed trade tensions between the United States and China.

In its first quarterly report as a public company last week, Uber reported a $1 billion loss as it spent heavily to build up its food delivery and freight businesses. 

© 2019 Thomson/Reuters. All rights reserved.

   
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The U.S. Internal Revenue Service is currently looking at Uber's taxes for 2013 and 2014, and the ride-hailing company said it expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
uber, irs, tax, returns
140
2019-21-04
Tuesday, 04 June 2019 08:21 AM
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