Today: March 04, 2024
Today: March 04, 2024

Airbnb to pay 576 million euros to settle some outstanding Italy tax obligations

Share This
Airbnb to pay 576 million euros to settle some outstanding Italy tax obligations
Reuters
Reuters
December 13, 2023

(Reuters) - Vacation rental platform Airbnb said on Wednesday it will pay 576 million euros ($620.58 million) to the Italian Revenue Agency to settle outstanding host income tax obligations for the 2017-2021 tax years.

Airbnb Ireland did not admit any liability as part of the agreement, which did not include assessments for 2022 and 2023, Airbnb said in a regulatory filing.

Last month, a judge in Italy ordered the seizure of 779.5 million euros from Airbnb's European headquarters in Ireland for alleged tax evasion.

($1 = 0.9282 euros)

(Reporting by Abhijith Ganapavaram and Aishwarya Jain in Bengaluru; Editing by Shounak Dasgupta)

Popular

Capital One defeats cardholders' lawsuit over foreign exchange charges

By Jonathan Stempel (Reuters) - A federal judge in Virginia on Monday dismissed a lawsuit accusing Capital One of overcharging credit and debit card customers on transactions made in foreign

Catholic news site Church Militant agrees to pay $500k in defamation case and is expected to close

A far-right, unofficial Catholic media site has agreed to pay $500,000 to a New Hampshire priest who sued for defamation over a 2019 article

Eagles center Jason Kelce retires after 13 NFL seasons and 1 Super Bowl ring

Jason Kelce has retired after 13 seasons with the Philadelphia Eagles

Do AI video-generators dream of San Pedro? Madonna among early adopters of AI's next wave

Making instant videos is the next wave of generative artificial intelligence, much like chatbots and image-generators before it

US FAA says Boeing 737 MAX production audit found compliance issues

(Reuters) - The Federal Aviation Administration said a government 737 MAX production audit into Boeing and supplier Spirit AeroSystems found multiple instances where the companies allegedly failed to

What to know about Super Tuesday and why it matters

Super Tuesday is traditionally the biggest day nationwide for primary elections and caucuses before the actual Election Day in November

Related

Tesla shares skid after February China sales slump

By Hyunjoo Jin San Francisco (Reuters) - Shares of Tesla fell more than 7% on Monday after its sales slumped in February in China, where it faced rising competition and a slowdown during the Lunar New

Apple to pay C$14.4 million to settle iPhone throttling case in Canada, CBC reports

OTTAWA (Reuters) - A British Columbia Supreme Court judge has approved a proposed C$14.4 million ($10.6 million) settlement from Apple to eligible members of a class-action lawsuit that accused the

Nippon Steel exec to meet USW head to seek support for U.S. Steel deal

By Yuka Obayashi and Ritsuko Shimizu TOKYO (Reuters) - A senior Nippon Steel executive told Reuters he is set to meet the United Steelworkers (USW) union chief this month to seek support for acquiring

First over-the-counter birth control pill in US begins shipping to stores

The first over-the-counter birth control pill will be available in U.S. stores later this month

- Advertisement -
Advertisement: Limited Time Offer