Uber is moving its intellectual property arm from Bermuda to the Netherlands to save $6.1bn from its tax bid, Bloomberg reported on Friday.

Uber is resorting to an accounting practice known as a “Double-Dutch,” popular with a number of multinationals. The tax strategy will only kick in if Uber becomes profitable, as the company is currently operating at an annual loss of $10bn.

The Netherlands is a favoured destination of many multinational corporations, mainly because payment of “intellec...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now