Uber paid no corporation tax in 2014 by ‘exploiting loopholes’

‘Controversial US taxi firm Uber paid no corporation tax in the UK last year despite making £11 million (US$17 million) in revenue, accounts reveal.

The latest accounts for Uber show its UK arm made a total of £866,302 in profit in 2014 – £566,302 of which would be liable for tax at 21 percent.

It also deferred a payment of £22,134, which can be rolled over to next year.’

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