Story perspectives

Uber Eats Revenue Climbs Despite Local Tax Challenges

9/7/2025

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Summary

Story summary

Uber Eats and Uber paid high service fees to their US parent, lowering local revenue taxable in New Zealand.
Uber Eats' revenue grew from $365.2 million in 2023 to $403 million in 2024, with net profit rising from $3.3 million to $3.5 million.
Uber's ride-share revenue declined from $106.6 million to $99.2 million.
New Zealand backs OECD's "Pillar Two" for a global corporate tax, but experts doubt its impact on Big Tech taxes.
The government scrapped a proposed 3% digital services tax on local revenue.
Commerce Commission chairman John Small encouraged consumers to choose competitors for better driver pay, highlighting the benefits of competition.

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Story summary

Uber Eats and Uber paid high service fees to their US parent, lowering local revenue taxable in New Zealand.
Uber Eats' revenue grew from $365.2 million in 2023 to $403 million in 2024, with net profit rising from $3.3 million to $3.5 million.
Uber's ride-share revenue declined from $106.6 million to $99.2 million.
New Zealand backs OECD's "Pillar Two" for a global corporate tax, but experts doubt its impact on Big Tech taxes.
The government scrapped a proposed 3% digital services tax on local revenue.
Commerce Commission chairman John Small encouraged consumers to choose competitors for better driver pay, highlighting the benefits of competition.