Uber is ditching this country next month

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The company said in a statement: "For us to operate in Denmark again the proposed regulations need to change".

Uber said it would retain a corporate presence in the Scandinavian country, where its engineers will continue to work on developing technology for the ride-sharing service worldwide.

Uber announced in a press conference they will close in Denmark on April 18.

The decision is the latest setback for the well-funded startup, which competes with traditional taxi services by letting private drivers contract with it for fares it solicits through a mobile-device app. Uber has also run into regulatory problems in countries including Germany, the United Kingdom and France.

Let's just say that would not be practical for economical for a company like Uber who rely on pretty basic Toyota Prius's and the like.

Another reason for the said decision is the new taxi law which lays out new requirements for drivers working with the ride-hailing giant.

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"Uber is used by more than 2,000 drivers and 300,000 riders in Denmark, providing access to affordable and reliable transportation at the push of a button".

But Uber spokesman Kristian Agerbo said the proposed law was "going in the wrong direction".

Uber is saying "farvel" - or farewell - to Denmark. The case will arrive at court before the finish of April. Is it an unlicensed taxi service?

By using information provided by the Dutch authorities, it was possible a year ago for a team of specialists in the Danish tax authority, SKAT, to identify 1,800 Uber drivers in Denmark that operated in Denmark in 2015. Or is it something else entirely?

The case has set member nations of the European Union with different regulations against each other, with other countries, especially those in the so-called sharing economy, paying heed.