July 22, 2017

Airbnb acts to overcome tax concerns

Woman is installing Airbnb application on Lenovo tablet
Copyright: baloon111 / 123RF Stock Photo

With Airbnb growing rapidly across upstate New York, a dozen county governments have signed agreements that allow the company to collect occupancy taxes on rooms and homes rented out over its web-based platform.

The arrangements are expected to ease the challenges faced by county tax collectors who, without them, had to rely on those offering the rentals to garner and remit the money.

The company, which has been doing business in New York for seven years, says its 49,600 hosts across the state have generated some $160 million in tax revenue for state and local governments over its digital platform […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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