• Expedia tax challenge

Expedia stands accused of underpaying up to USD847m in taxes to US local authorities. Lawsuits complain the company has paid taxes on wholesale rates, rather than prices charged to consumers, reports Bloomberg.

Other booking sites have adopted a similar strategy of only paying on wholesale rates. Expedia is defending what could be up to a decade of back taxes, and has successfully argued for dismissal of some claims.

Read the full story here:

http://www.bloomberg.com/news/articles/2015-02-05/who-doesn-t-love-a-discount-the-taxman

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