May 11, 2016
As community-driven lodging rental site Airbnb continues exploding in popularity, several cities across the U.S. are seeking to regulate its activities at various levels. Virginia Beach, Va. estimates it is losing over $200,000 in annual taxes because of Airbnb’s activities in the city, according to WTKR. City officials have tried to get the company to identify who in the city has been renting properties so it can pinpoint who to tax, but 18 months’ worth of talks have been stalled….
Source: http://americancityandcounty.com/finance/cities-seek-regulate-airbnb-collect-lodging-taxes
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