“Despite earning $5.8 billion in global revenues in 2019, Uber claimed a $4.5 billion loss for tax purposes.”
Uber moved its intellectual property from Bermuda to the Netherlands and built a maze of about 50 shell companies around it. The rides happen in dozens of countries. The money routes through Dutch paperwork. The cities whose roads Uber runs on get a $4.5 billion loss instead of a tax bill.