Airbnb to reach $2 billion in tourist-related taxes
 
Airbnb to reach $2 billion in tourist-related taxes
13 DECEMBER 2019 9:39 AM

Airbnb announced Thursday that by the end of 2019, it will have accumulated $2 billion in tourist-related taxes which have been “collected and remitted” to local governments over the past four years.

December 12, 2019--At Airbnb, we are committed to partnering with governments and help our community pay their fair share of hotel and tourist taxes. Today, we are proud to announce that, by the end of this year, we will have reached a landmark cumulative US$ 2 billion in tourist-related taxes that have been collected and remitted to local governments on behalf of our global host community over the past four years.

Over 400 agreements with local, state, territorial and national governments around the world have streamlined and facilitated tax collection for hosts, most of whom are sharing their homes for extra income and may not be equipped for complex accounting processes. Voluntary Tax Collection agreements are in place in jurisdictions in the US, Canada, Latin America and Europe.

In the US, Airbnb collects tourist taxes on behalf of hosts in thousands of jurisdictions. In practical terms, 72 percent of bookings made for Airbnb listings in the US are already covered by collection and remittance of tourism or hotel taxes — that’s almost three in every four reservations. Airbnb is collecting these taxes in nearly every top US city, including Los Angeles, Chicago, San Francisco, Washington, among others. And the company is committed to increase this number, including by supporting legislation in New York that would permit collection and remittance of this tax.

Many cities in Europe are also covered, including Amsterdam, Florence, Lisbon and Milan, amongst other cities. In France, our tax collection now covers over 28,000 cities. As an industry leader in this kind of tax collection, Airbnb has simplified the process for hosts and guests while supporting revenue generation for thousands of small and medium cities.

While home sharing democratizes tourism revenue among locals who would not have otherwise participated in this industry, Airbnb works to actively support these agreements that in turn generate significant funds for cities and states.

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