Uber Sus­pends Ops in Taiwan Af­ter Fine Hike

The Economic Times - - Around The World -

Taipei: Uber an­nounced on Thurs­day it is halt­ing op­er­a­tions in Taiwan, say­ing it is at an “im­passe” with au­thor­i­ties which deem the ride-hail­ing app as il­le­gal. The US firm has racked up fines since it en­tered the Taiwan mar­ket in 2013 for run­ning a busi­ness with­out the proper reg­is­tra­tion to op­er­ate as a taxi ser­vice. Last month Tai­wanese au­thor­i­ties hiked the max­i­mum pos­si­ble penalty for Uber driv­ers to Tw$25 mil­lion ($803,639) — the high­est in the world. The Trans­port Min­istry on Thurs­day said it was pre­par­ing to charge the firm Tw$230 mil­lion in penal­ties and would is­sue an or­der to halt op­er­a­tions. Pre­empt­ing the or­der, Uber said in a state­ment on its web­site that it would sus­pend ser­vice on the is­land from February 10. AFP

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