NEW YORK (AP) — Less than a month since its market debut, Uber says the IRS is reviewing its 2013 and 2014 taxes.
The world’s leading ride-hailing company reported in a regulatory filing that it expects the gross amount of tax benefits to be reduced by at least $141 million in the next 12 months. Uber said it had a $1.3 billion increase in its gross unrecognized tax benefits in the first quarter.
The San Francisco-based company said its taxes for the years 2010 to 2019 were also “open” in other countries where it does business, including Brazil, the United Kingdom, Australia and India.
Tuesday is also the first day that banks which underwrote Uber’s IPO can comment publicly about the company.
Uber Technologies shares rose 1% in early trading Tuesday.