The U.S. Internal Revenue Service is currently looking at Uber Technologies Inc’s taxes for 2013 and 2014, and the ride-hailing company said it expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
Uber also said in a filing on Tuesday that various state and foreign tax authorities were looking into its taxes.Story continues below advertisement Uber was the biggest of a group of Silicon Valley startups to go public this year against the backdrop of a global stock market sell-off sparked by renewed trade tensions between the United States and China.
In its first quarterly report as a public company last week, Uber reported a $1 billion loss as it spent heavily to build up its food delivery and freight businesses.
Source: News Formal (newsformal.com)
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Vatican corrects omission in pope's quote about McCarrickThe Vatican communications office on Wednesday corrected the Italian transcript of Pope Francis' comments about disgraced ex-Cardinal Theodore McCarrick. Earlier, it had omitted Francis' claim that he didn't remember if he had been told in 2013 of McCarrick's penchant for sleeping with seminarians. Disgusting .. they corrected that Frances didn’t know about Cardinal Mccarrick to he couldn’t remember .!!!
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Leonard's playoff run with Raptors outshines 2014 Finals MVP performance - Sportsnet.caIn 2014 Kawhi Leonard was the reason San Antonio won an NBA championship. Five years later, he's the reason Toronto has a chance to do the same. What he did for the Spurs was impressive but what he's done for the Raptors, though, is transcendent. ThomasKetko Leonard will get double teamed all series but he will find the open shooters or draw fouls. I hope the raps play a zone D...
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Uber loses $1-billion in quarter but hits forecastsRevenue of $3.1 billion matched the high end of the range Uber forecast for the quarter and the loss of $1.0 billion compared with the company’s forecast of $1.0 billion to $1.11 billion
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Rude Uber riders could be booted from the appUber riders prone to rude behavior such as leaving trash or urging drivers to speed may be booted from the app under a new policy change.
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Caisse replaces CEO of commercial real estate unit Otera Capital after investigationAccording to the outside investigation, four employees at Otera contravened their ethics codes by placing themselves in a situation of a conflict of interest, or by not declaring their positions in other companies, among other concerns globebusiness Looking forward to future stories about the “Marking to Myth” of public pension funds’ “private” and “alternative” asset portfolios.
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Eight people charged in counterfeit goods investigation at Pacific MallPolice have charged eight people in connection with a year-long investigation that led to the seizure of thousands of allegedly counterfeit items from a mall north of Toronto. COUNTERFEIT GOODS? At Pacific Mall Nah you got the wrong guys Leave 'P' mall alone !!! Only eight?
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Mueller making first public statement on Russia investigationMueller to make first public statement on Russia investigation, Justice Department says Finally
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U.S. tech giants could be subject to antitrust investigationThe Justice Department’s Antitrust Division and the Federal Trade Commission met in recent weeks and agreed to give the Justice Department the jurisdiction to undertake potential antitrust probes of Apple, Google, Amazon and Facebook
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