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Italy threatens to seize more than $800 million from Airbnb over unpaid taxes

From cnn.com

Italian tax authorities are poised to seize some €779 million ($836 million) from Airbnb as a result of its alleged failure to pay taxes owed by landlords using the platform. It’s the latest sign of intense scrutiny of short-term rentals that have proliferated in big cities in Europe and the United States. The seizure was ordered by the Milan-based public prosecutor’s office for tax offenses and the sum is equal to the amount Airbnb (ABNB) failed to pay on behalf of landlords between 2017 and 2021, the prosecutor’s office said in a statement late Monday. The company’s Ireland-based European arm brought in around €3.7 ... (full story)

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