The online transport company Uber is not permitted to operate peer to peer car sharing without getting authorization from the Department of Transportation. This new scheme allows an approved driver to offer lift to someone who is ready to do cash payment. The person who accepts the lift should be in Uber. In various parts of Europe, the fees paid for these kinds of transportation’s are lower than actual taxi fare.
Uber is an American company which is registered for VAT in Netherlands for its European business. If the company’s new center of excellence is started in Limerick, then they have to co-operate with tax in Ireland and their profit will be subjected to 12.5 percent of tax rate.
Private drivers will not earn much from the Uber industry but they can earn a bit of money. The US based company is a life savior for many freelance drivers around the world. If the government grants permission for Uber, then it is going to be a tough game for its contenders.
Ireland is not the only country that has delayed the process for Uber, but there are many other countries that are against the company. The critics say Uber is just another black market that is making money off its users and also there is no space left to expand wider. But Travis is not ready to give up the race yet; it is going to be strong and fierce!