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Local here, in my country Grab tried to abide by the local law while Uber is acting like they are above the government. Taxation for example, Grab has no proble
by coconut_crab 9y ago
Local here, in my country Grab tried to abide by the local law while Uber is acting like they are above the government. Taxation for example, Grab has no problem paying tax, while the local branch of Uber said that they are only a 'marketing company' for Uber BV located in Holland (a well known tax haven) so they don't have to pay any corporation income tax at all. IANAL but even if that is legal, it still doesn't sit right with me or the local government.
oh and the marketing problem too, they changed their uniform and colour them for a few times while Grab just sticks with green. I just don't feel they have a clear strategy for anything at all.
- woobar 9y agoAren't they all just burn investors money? Hence no income and no corporate income tax to pay?
- coconut_crab 9y agoIt is impossible get their real profit so they are taxed 2% on their revenue. Oh and I forgot, when the authority requested them to hold a meeting on how should the taxation be, they didn't even bother to reply! That's like asking for trouble.