New Jersey Says Uber Owes It Up To $650 Million In Taxes And Penalties

Uber faces a $650 million tax assessment from New Jersey for misclassifying drivers as independent contractors. The state demands $523 million in back taxes and up to $119 million in penalties. This could force Uber to classify drivers as employees, increasing costs by over 20%. Uber plans to challenge the decision, claiming drivers are contractors, and the resolution may take years.

What is the total amount in past due taxes assessed by the New Jersey Department of Labor and Workforce Development against Uber?

• $650 million

• $523 million

• $1 billion

• $119 million

What is the primary reason for the tax assessment against Uber?

• Misclassifying drivers as independent contractors

• Not providing health benefits

• Failing to pay corporate taxes

• Overcharging customers

What could be a consequence for Uber if they have to classify their drivers as employees?

• Uber's cost per driver could increase by over 20%

• Uber would have to reduce its workforce

• Drivers would be entitled to stock options

• Drivers would receive health insurance

What is Uber's stance on the New Jersey Department of Labor's decision?

• They are indifferent to the decision

• They plan to fight the decision

• They have already paid the taxes

• They agree with the decision

How long does Uber expect the resolution process to take?

• A few months

• Several years

• A few weeks

• One year