Uber Hit with $650M Employment Tax Bill in New Jersey

Re:Uber Hit with $650M Employment Tax Bill in New Jersey by IanCal on Friday November 15, 2019 @06:33AM (#21544038)

> Uber and subsidiary Rasier LLC were assessed $523 million in past-due taxes over the last four years, the state Department of Labor and Workforce Development said in a pair of letters to the companies. The rideshare businesses also are on the hook for as much as $119 million in interest and penalties on the unpaid amounts, according to other internal department documents.

Also it's unemployment + disability insurance they're being charged for.

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Re:Uber Hit with $650M Employment Tax Bill in New Jersey by Retric on Friday November 15, 2019 @09:01AM (#21544809)

“At the end of each calendar year, any tax, penalties, and interest remaining due (unpaid) will become part of the balance on which interest is charged.” https://www.state.nj.us/treasury/taxation/njit19.shtml”

So, that 119m should be this years penalties. If this thing is growing at over 22% per year and 4 years ago the already had a 54m unpaid tax bill, then I can see this snowballing fast.

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