When you go to a new city for business you need to get around the town. This used to be what taxis were for, now it is Uber. In a new report the number one expense of people traveling is Uber, where it used to be coffee. This proves the tech giant is here to stay.
- A new study found that 6% of all business travel transactions in 2016 were with Uber, making the ridesharing company the most common expense,
- The findings are a reminder of the rapid growth of ridesharing, and the challenging future for traditional car rental companies and taxis.
- Both Uber and its competitor Lyft saw huge gains in 2015, while taxi and rental cars suffered.
“The findings are a reminder of the rapid growth of ridesharing, and the challenging future for traditional car rental companies and taxis. Both Uber and its competitor Lyft saw huge gains in 2015, while taxi and rental cars suffered.”
Download our eBook “Moving To The US”
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.