Multinational forced to pay some tax

JohnD

JohnD

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"Airbnb has agreed to pay €576mn ($621mn) to Italian authorities to end a long-running tax dispute that boiled over last month when the country’s public prosecutor ordered funds to be seized from the holiday rental platform."

FT.com
 
JohnD said:
"Airbnb has agreed to pay €576mn ($621mn) to Italian authorities to end a long-running tax dispute that boiled over last month when the country’s public prosecutor ordered funds to be seized from the holiday rental platform."

FT.com
Click to expand...
Hear, hear!
 
If you are familiar with the rules in Italy. Airbnb, copped responsibility to withhold tax on behalf of their host customers and pay it directly to the authorities. A bit like withholding tax on US stock dividends. They failed to do it, so have to pay the bill. It's not actually taxes on their corporate affairs they were in dispute over. They simply hadn't applied local tax rules "renters tax". I suspect they will be coming after their host customers for the money.
 
Perhaps they could airbnb a fire engine..

0be83ae8-137b-4f92-a44f-847a99a87678.jpg
 
Not to mention it was the hosts who didn't pay the taxes, not Airbnb
 
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