Uber loses Australian tax appeal, faces $81m bill
Uber will pay an $81m payroll tax bill after Australia’s High Court dismissed its appeal, ruling that payments to its drivers qualify as wages. Read More: https://punchng.com/uber-loses-australian-tax-appeal-faces-81m-bill/
Uber has been ordered to pay an 81 million Australian dollar tax bill to the New South Wales tax office after the High Court dismissed its appeal. The ruling found that payments to its drivers constituted wages, overturning the ridesharing company's argument that it was merely a payment collection agent. Chief Justice Stephen Gageler stated that the connection between drivers' performance and the fares they received qualified the fares as wages under tax laws.
The decision has significant implications for intermediary business models across various sectors in Australia.
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