Uber Loses VAT Lawsuit For Rivals Outside London
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2024
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Source: Benzinga
- Court ruling: Competitors of Uber in the taxi industry outside London will not face a 20% VAT charge on profit margins following a Court of Appeal decision overturning a previous ruling.
- Implications for Uber: The decision came after Uber challenged a Supreme Court classification affecting its tax obligations, with the Court of Appeal's reversal sparing private-hire operators from VAT obligations by establishing they do not enter into contracts with passengers.
Analyst Views on FDRV
Wall Street analysts forecast FDRV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FDRV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
