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Lyft accuses San Francisco of overcharging $100 mn for taxes over 5 years

Business Standard LogoBusiness Standard14h ago

Lyft accuses San Francisco of overcharging $100 mn for taxes over 5 years - Business Standard

Quick Summary:

City and County of San Francisco, CGC24620845, California Superior Court (San Francisco).Honda-Nissan's $6.4 bn merger: Big synergies, but is time on their side?

The company said the city used the presence of its Cruise self-driving unit to tie its tax bill to a portion of GM’s global revenue.

The tax dispute points to a broader, yearslong controversy around how Lyft, Uber Technologies Inc.and other so-called gig economy firms rely on contractors and avoid having to provide employment benefits.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 09:56:07 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24655899

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 182 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://beamstart.com/news/lyft-accuses-san-francisco-of-17351015471694

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