AMSTERDAM (reuters) – The top-of-the-Dutch-tax-politician has denied meeting with representatives from Uber Technologies have, in response to questions from the parliament about the reason why the company is allowed to claim a tentative $6.1 billion tax write-off in the Netherlands.
FILE PHOTO: A screen displays the logo of the company is Uber Technologies, Inc. at the date of the initial public OFFERING on the New York Stock Exchange (NYSE) in New York, New York, USA, on 10 May 2019. REUTERS/Brendan McDermid/File Photo
The remarks by the minister of Finance, That come from the Dutch government embarked on a campaign to reform its reputation as an enabler of tax avoidance by multi-national corporations.
“We do not systematically keep track of the relationships between the tax officials and in…of companies, but in general, it is true that such contacts are taking place,” Fast said in a letter to parliament published in the calendar.
“For me, and I can say that I have not had contact with the Uber-agent.”
In Aug. 9 SEC filing, Uber said it had to be moved to a Bermuda subsidiary which is the owner of the intellectual property rights in the united kingdom, “in the first place, the alignment of the structure with the new operations.”
The San Francisco-based Uber, the headquarters of the international operations in Amsterdam, where it now has more than 1000 employees.
The company said that the intellectual property, the move has led to an increase of $6.1 billion in foreign assets — that is, the cost of the investments which may be deducted from any winnings. On Aug. 8 Uber has reported a core operating loss of $ 656 million.
Uber announced in June the 2013 to 2014 tax returns will be audited by the U.S. Internal Revenue Service and the tax for the 2010-2019 remain unresolved in several jurisdictions, including the Netherlands.
Quickly had said in response to questions from the lawmaker Pieter Omtzigt, in the general rule, intangible fixed assets can be depreciated in the Netherlands, compensation for loss of earnings in here.
However, he declined to comment on the specific case.
Oxfam tax expert, Francis Weyzig said on Monday as Soon as the reaction has been remarkable, as they seem to show a “sense of urgency” about cracking down on tax evasion.
He said he Quickly replies that it’s not only companies with a formal opinion of the government, in the form of “advance tax rulings”, they are able to also look for informal advice, but the Uber seems to have done it.
“It would surprise me if Uber was the only one to do it,” Weyzig said.
The ministry of finance could not immediately be reached for comment.
An Uber spokeswoman said on Monday the company was “committed to openness and transparency in the tax and customs administration throughout the world.”
Uber is “to be faithful to both the letter and the intent of the laws in the many jurisdictions in which we operate,” she said.
Reporting by Toby Sterling, editing by Louise Heavens