{"id":32075,"date":"2023-10-20T14:26:58","date_gmt":"2023-10-20T14:26:58","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/uber-sends-25-of-each-sale-offshore-and-is-yet-to-turn-a-profit-government-urged-to-cut-company-tax-to-level-the-playing-field-startupsmart\/"},"modified":"2023-10-20T14:26:58","modified_gmt":"2023-10-20T14:26:58","slug":"uber-sends-25-of-each-sale-offshore-and-is-yet-to-turn-a-profit-government-urged-to-cut-company-tax-to-level-the-playing-field-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/uber-sends-25-of-each-sale-offshore-and-is-yet-to-turn-a-profit-government-urged-to-cut-company-tax-to-level-the-playing-field-startupsmart\/","title":{"rendered":"Uber sends 25% of each sale offshore and is yet to turn a profit: Government urged to cut company tax to level the playing field – StartupSmart"},"content":{"rendered":"
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Uber and Airbnb came under significant scrutiny at yesterday\u2019s Senate inquiry into corporate tax minimisation but there is actually very little the Government can do to stop profit-shifting, according to one of the peak bodies representing Australian businesses.<\/p>\n
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Yesterday afternoon, ridesharing startup Uber revealed it sends about 25% of each transaction in Australia to the Netherlands, according to Fairfax<\/a>.<\/p>\n \u00a0<\/p>\n However the company, which is valued at billions of dollars, refused to disclose how much tax it paid in Australia.<\/p>\n \u00a0<\/p>\n \u201cYou came to a Senate corporate tax inquiry and you don\u2019t know how much tax you paid last year?\u201d Labor Senator Sam Dastyari asked.<\/p>\n \u00a0<\/p>\n In response, Uber\u2019s director of public policy for Australia, Brad Kitschke, said Uber is not yet profitable.<\/p>\n \u00a0<\/p>\n