Lyft says San Francisco overcharged it $100 million in taxes
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Lyft is suing San Francisco, alleging the city overcharged it by $100 million in taxes by misclassifying driver earnings as company revenue over five years.
December 27, 2024 | 6:45 pm
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Lyft is suing San Francisco for allegedly overcharging $100 million in taxes by misclassifying driver earnings as company revenue.
The lawsuit could lead to financial and reputational impacts for Lyft. If the court rules against Lyft, it may have to pay the disputed taxes, affecting its financials. The legal battle may also impact investor sentiment negatively in the short term.
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