Lyft says San Francisco overcharged it $100 million in taxes, according to lawsuit [Los Angeles Times (CA)]
Lyft, Inc. - Class A (LYFT)
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Source: Los Angeles Times
Lyft, which is headquartered in the city, said in the complaint that the fees paid by riders to drivers are not part of the company's revenue and should not be taxed. The company considers its drivers as customers, not employees, the company said. “Lyft does not treat drivers as employees for any purpose,” the complaint said. “Lyft serves a broker/middleman role in the transaction between drivers and riders, and as such, its taxable gross receipts must be limited to the amounts charged to drivers for use of its marketplace services.” Lyft makes the bulk of its money from the fees it charges drivers. It also brings in some revenue from other sources, including subscriptions and advertising. “Lyft recognizes revenue from rideshare as being comprised of fees paid to Lyft by drivers, not charges paid by riders to drivers,” said the complaint, filed in California Superior Court. San Francisco wrongly included driver income as part of Lyft's revenue when calculating taxes between 2
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