| I would say this and the fact that most US multinationals are very dodgy when it comes to paying their taxes and are ready to exploit any loophole to take money out of a country. That, combined with the taxi license thing is the reason I assume they're being thrown out. Hungary also banned them (well, told them to obey the law or leave). I highly doubt governments would be worried about where they pick customers up that much. Lyft and other competitors won't be banned as long as they obey the laws and pay their taxes, I'd wager. I'm really annoyed at companies, startups that have the attitude of Uber, where they break the laws and if they get caught, try to lobby their way out of it. If I did the same as a regular person, I'd be in jail within a month. I'd also say that money that doesn't end up taxed and back in the economy and instead magically appears in a tax paradise to be held there as a bargaining chip for exemption from US tax laws should probably anger Americans too. It was utterly frustrating to see both presidential candidates bow down and be ready to give huge tax cuts on the repatriation of multinationals' profits just so they could at least see some of that trickle down into actual projects like infrastructure. Reading about it really felt like global-scale a ransom-situation. |
Lowering and simplifying taxes would increase revenues (per the Laffer Curve,) however that would result in politicians not being as powerful. Milton Friedman explains this brilliantly: https://m.youtube.com/watch?v=TruCIPy79w8