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Uber also said that a dozen years of taxes remained open in several jurisdictions, including the United States, the United Kingdom, Brazil, Mexico, Australia, Singapore, the United States, and the United States. 39, Australia, India and the Netherlands. These countries have not yet approved their tax bills from 2010, the year that Uber offered its first ride, until 2019.
Although Uber was convinced that he had enough funds to cover any additional tax debt, Uber acknowledged that the timing of the resolution "is very uncertain".
Uber did not declare a profit and therefore paid very little tax. Losses can benefit Uber from a tax perspective: a company can carry forward losses to cancel or reduce taxes it may have to pay in the future once it starts making money.
Uber says he can apply about $ 5.1 billion in losses to offset US federal taxes and $ 4.4 billion for state taxes. But the company acknowledged that the investigation could reduce this tax benefit. Although the magnitude and scope of the investigation do not allow the company to estimate how much its tax benefit could change, Mr. Uber said that it was reasonably possible that the tax benefits associated with these past losses can "change significantly".
In addition to audits, Uber said it expects a reduction of at least $ 141 million from its tax benefits deferred, following previous discussions with tax authorities.
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