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Airbnb says it has paid $1 billion in local taxes on behalf of hosts since 2014

“Peer-to-peer lodging marketplace Airbnb announced that is has now collected $1 billion in taxes on behalf of hosts over the past four and a half years” writes Paul Sawers for venturebeat.com. The company also faces continuous criticism regarding its impact on local communities, with countless reports of property owners now favoring short-term rentals over longer-term tenancies.After a lengthy fight against local authorities’ efforts to get it to serve as tax collector, the San Francisco-based company began collecting hotel-style transient occupancy taxes (TOT) directly from guests in Portland, Oregon back in 2014.
 
Source: venturebeat.com



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