The report, issued by Dan Bucks, former director of the Montana Revenue Department and previous executive director of the Multistate Tax Commission says the decision last year provides the legal framework and incentive to tax Airbnb like every other U.S. online business now.
Airbnb is continuing to widen its focus beyond 'unconventional' hotels as it gets ready for a much-anticipated IPO.
Airbnb crossing the half-billion mark isn't surprising given recent aggressive expansion strategies. Valued at $31 billion, the San Francisco-headquartered business recently announced it would acquire HotelTonight in a deal reported to be worth roughly $465 million.
Up until a few years ago, the phrase 'getting an Airbnb' meant one thing: staying in the apartment, house, or spare room of a stranger, likely at a bargain price compared with nearby hotels. But in 2019, things aren't so simple.
President and CEO of the American Hotel & Lodging Association (AHLA) Chip Rogers issued the following statement in response to Airbnbs acquisition of Hotel Tonight:
AHLA President/CEO calls on state and local leaders in U.S. to pass stronger laws
Partners with Tata Coffee for Nine Plantation Heritage Bungalows
Mayor Hidalgo seeks 12.5 million-euro fine for sites listings – Airbnb says rental rules in Paris breach European regulation
The German government can count on millions of euros in tax revenue from services provided on digital marketplaces like Airbnb, the leading platform for connecting individuals offering or looking for accommodation. However, it remains to be seen whether the existing income and value-added tax regulations for service providers with digital businesses models are still adequate. In order to prevent future shortcomings, reforms for a competition-oriented taxation of service platforms could be implemented without much additional effort, thereby making taxation much more efficient.
Having a great listing is critical to booking success on Airbnb. Whether youre a vacation rental, a B&B or hotel, follow these easy tips to get the most out of your presence on Airbnb.