BalpeenHammer@lemmy.nz to Aotearoa / New Zealand@lemmy.nz · 7 days agoUber and Uber Eats earn $402m revenue in NZ, pay less than $1m taxwww.nzherald.co.nzexternal-linkmessage-square46fedilinkarrow-up1112arrow-down13
arrow-up1109arrow-down1external-linkUber and Uber Eats earn $402m revenue in NZ, pay less than $1m taxwww.nzherald.co.nzBalpeenHammer@lemmy.nz to Aotearoa / New Zealand@lemmy.nz · 7 days agomessage-square46fedilink
minus-squareFreedomAdvocatelinkfedilinkEnglisharrow-up11·7 days agoNo it doesn’t. You don’t pay tax on revenue, you pay it on profit. From what I can see before the paywall text shows, they barely made any profit.
minus-squareBalpeenHammer@lemmy.nzOPlinkfedilinkarrow-up6arrow-down3·7 days agoProfits are easy to fudge. You just pay your parent company some license fee or something and voila no profits.
minus-squareFreedomAdvocatelinkfedilinkEnglisharrow-up7·7 days agoSure, but the headline doesn’t say it all because you don’t pay tax on revenue.
No it doesn’t. You don’t pay tax on revenue, you pay it on profit. From what I can see before the paywall text shows, they barely made any profit.
Profits are easy to fudge. You just pay your parent company some license fee or something and voila no profits.
Sure, but the headline doesn’t say it all because you don’t pay tax on revenue.