Uber’s Australian division has seen last year revenues double to $36m, however it should be noted that Uber Australia only counts 75% of each transaction in the country, according to a recent Senate enquiry. The remaining percentage is routed via the Netherlands to take advantage of the country’s lower tax requirements. The Dutch entity then pays Uber Australia to provide support services. This system has resulted in an ongoing legal battle regarding its Australian tax status and caused the Australian Taxation Office to launch an investigation into companies routing income through low tax jurisdictions.
Uber’s Australian division has seen 2016 revenues double to $36m, however it should be noted that Uber Australia only counts 75% of each transaction in the country, according to a recent Senate enquiry. The remaining percentage is routed via the Netherlands to take advantage of the country’s lower tax requirements. The Dutch entity then pays Uber Australia to provide support services. This system has resulted in an ongoing legal battle regarding its Australian tax status and caused the Australian Taxation Office to launch an investigation into companies routing income through low tax jurisdictions.