Dutch minister denies meeting with Uber after tech company's $6bn tax write-off
- Steve Kenton
- Sep 3, 2019
- 1 min read
As the Netherlands government seeks to change its reputation as a haven for companies wishing to exercise tax avoidance, it's been reported by Reuters that Menno Snel, State Secretary of Finance, has issued a denial when questioned about meetings with Uber.
The parliamentary grilling comes on the back of Uber being allowed to write off over $6bn in taxes.
It was revealed last month Uber relocated one its subsidiaries, which owns its intellectual property from Bermuda to the Netherlands, with the tech giant citing that the move was made to align its structure to its evolving operations. This led to an increase of $6.1bn in foreign tax assets which is deductible from eventual profits.
Menno Snel told the Dutch parliament in a communique last week that although companies aren't routinely tracked, contact does take place. He did, however, deny that he had any direct contact with Uber representatives. Snel was then asked a number of questions in the Dutch Parliament regarding the issue which he declined to answer. According to Reuters, Uber have stated that they are committed to openness and transparency with tax authorities around the world.
Image Source: Pexels
