Airbnb seeks tax agreements
New York City – 22 November 2016
1Home sharing site Airbnb aims to extend its network of tax agreements to 700 cities by the end of next year, the Financial Times has quoted its chief executive as saying.
The company has already clinched 200 tax agreements that allow it to collect and remit hotel taxes to local authorities, Brian Chesky told the newspaper.
The 700 cities where it is now aiming to have secured tax agreements by end-2017 generate more than 90 percent of its revenue.
Airbnb operates in more than 190 countries and has been valued at an estimated US$30 billion.