The company that’s been dubbed “Uber for the homeless” is now under fire for a massive tax audit.
The company is now being investigated by the IRS for not paying the full amount of taxes owed, according to a New York Times article.
Uber is a ride-sharing company that allows drivers to make cash payments on their rides, with the money going to Uber drivers.
Uber has faced a number of investigations in the US over the years, with a report last year concluding that the company paid little in taxes in the country.
But the latest report shows that the IRS found that Uber was “grossly overstating its revenues” by over $600 million, the Times said.
The audit found that the tax liability for 2014 was $4.4 billion.
The report also found that “Uber’s accounting for payments received from drivers was materially different from that of other ride-share platforms, and that Uber paid no income tax for 2015.”
It added that “the company’s tax liabilities for 2015 were nearly $2 billion higher than those for 2014.”
Uber has denied the report, with CEO Travis Kalanick telling the Times that the audit was a “sideshow” and that the “report has nothing to do with our business.”
The report comes after Kalanopoulos was forced to resign from his position as CEO earlier this year.