Fortune – James River Group, Uber’s insurer, paid a tax rate of just 12.6% last year. It invests in bank loans rated below junk. And it’s about to issue an IPO.
Critics of Airbnb, Uber, and other companies in the so-called sharing economy argue that these companies are structured to avoid paying taxes. It appears that even companies on the fringes of the sharing economy are looking to dodge Uncle Sam.