Dutch minister: I didn’t have contact with Uber on tax plan


AMSTERDAM (Reuters) – The highest Dutch tax politician has denied assembly representatives of Uber Applied sciences, in reply to questions from parliament about why the corporate has been allowed to say a provisional $6.1 billion tax write-off within the Netherlands.

FILE PHOTO: A display screen shows the corporate brand for Uber Applied sciences Inc on the day of its IPO on the New York Inventory Change (NYSE) in New York, U.S., Might 10, 2019. REUTERS/Brendan McDermid/File Photograph

The remarks by State Secretary of Finance Menno Snel come because the Dutch authorities has launched into a marketing campaign to reform its repute as an enabler of tax avoidance by multinationals.

“We don’t systematically observe contacts between (tax) officers and … corporations, however generally it’s true that such contacts happen,” Snel stated in a letter to parliament revealed on Friday.

“For myself, I can say that I’ve not had contact with an Uber consultant.”

In an Aug. 9 SEC submitting, Uber stated it had moved a Bermuda subsidiary that owns mental property to the Netherlands, “primarily to align its construction to its evolving operations.”

San Francisco-based Uber headquarters its worldwide operations in Amsterdam, the place it now has greater than 1,000 workers.

The corporate stated the mental property transfer led to a rise of $6.1 billion in “overseas tax belongings” – that’s, funding prices that may be deducted from eventual income. On Aug. 8, Uber reported a core working lack of $656 million.

Uber disclosed in June that its 2013-2014 tax filings are being audited by the U.S. Inner Income Service, and its taxes for 2010-2019 stay unresolved in a number of jurisdictions together with the Netherlands.

Snel stated in reply to questions from lawmaker Pieter Omtzigt that “generally” intangible belongings might be amortized within the Netherlands, offsetting income earned there.

However he declined to touch upon any particular case.

Omtzigt stated on Monday there had been a rush of corporations within the first half of 2019 searching for advance approval from Dutch tax authorities for tax plans earlier than a set of loopholes closed on July 1.

“It positively seems that the tax service has been very useful to corporations,” he stated. “If solely they’d be so useful to low-income people, who’ve nice issue in even discovering any person to speak with.”

Oxfam tax skilled Francis Weyzig stated Snel’s feedback had been outstanding, as they recommend that not solely can corporations search formal recommendation from the federal government within the type of “advance tax rulings”, however they will additionally search casual recommendation, as Uber seems to have completed.

“It will shock me if Uber had been the one one doing this,” Weyzig stated.

The finance ministry couldn’t instantly be reached for remark.

An Uber spokeswoman stated on Monday the corporate is “dedicated to openness and transparency with tax authorities around the globe.”

Uber is “trustworthy to each the letter and intent of the legal guidelines within the many jurisdictions the place we function,” she stated.

Reporting by Toby Sterling; Enhancing by Louise Heavens and Mark Potter

Source link


Please enter your comment!
Please enter your name here