Business

Italy to seize $835m from Airbnb over alleged tax fraud

The massive short-term rental company Airbnb has been ordered to forfeit €779.5 million ($835.5 million; £676.8 million) by an Italian judge due to suspected tax fraud. BBC reported that the company, according to prosecutors, neglected to charge landlords a tax on around €3.7 billion in rental income. In Italy, there is a 21% income tax […]