January 19, 2017
In an effort to work more closely with local municipalities and address the array of concerns officials have with its business model, Airbnb has redoubled its efforts to collect taxes from its hosts. The home-sharing leader collected and redirected $175M in taxes for local governments in 2016, from $42.6M in 2015, or four times the amount. Those taxes were collected in 20 cities in 2015, but 220 cities last year. Keep in mind that Airbnb has added upward of 1 million listings to its site since 2015. Currently, the firm has 3 million listings throughout 50,000 cities in 190 countries, according to its tax revenue report. Tax fee collection has been a major concern for city officials since Airbnb’s inception eight years ago…
Source: http://www.forbes.com/sites/bisnow/2017/01/19/airbnb-collected-175m-in-taxes-from-hosts-last-year-four-times-what-it-collected-in-2015/2/#5715948b7378
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