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Uber Stock Rises Despite €1.7B French Payroll Tax Dispute

Uber Stock Rises Despite €1.7B French Payroll Tax Dispute

Author:

Global Cryptocurrency

Published:

2026-02-02 18:06:02

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BTCCSquare news:

Uber Technologies Inc. shares climbed to $81.43 intraday as French authorities escalated a €1.7 billion payroll tax claim against the ride-hailing giant. The dispute centers on alleged driver misclassification from 2019-2022, with regulators contending Uber's contractual framework improperly avoided employer obligations.

France's social charge agency examined 71,000 driver contracts, concluding Uber exercised employment-like control through management and sanction powers. The findings, detailed in a leaked investigative report, suggest Uber operated beyond independent platform parameters, owing €1.2 billion in unpaid contributions plus penalties.

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