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Italy Finance Police Seized $832 Million from Airbnb for Failing to Pay 21% Withholding Tax from $3.9 Billion of Rental Revenue
11th November 2023 | Hong Kong
Italy Finance Police has seized $832 million (EUR 779 million) from Airbnb for failing to pay 21% withholding tax from $3.9 billion of rental revenue (EUR 3.7 billion). In 2022, Airbnb announced to stop its listing business in China and to focus on China outbound travellers after 2 years of “China Zero COVID policy.” In 2016, Airbnb had entered into China. Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to 4 million Hosts who have welcomed more than 1 billion guest arrivals in almost every country across the globe.
” Italy Finance Police Seized $832 Million from Airbnb for Failing to Pay 21% Withholding Tax from $3.9 Billion of Rental Revenue “
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$72 Billion Airbnb to Stop Listing Business in China, to Focus China Outbound Travellers
27th May 2022 – Airbnb, with a market capitalisation of more than $72 billion (26/5/22), is looking to stop its listing business in China and to focus on China outbound travellers after 2 years of “China Zero COVID policy.” In 2016, Airbnb had entered into China. Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to 4 million Hosts who have welcomed more than 1 billion guest arrivals in almost every country across the globe.
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