The report, issued by Dan Bucks, former director of the Montana Revenue Department and previous executive director of the Multistate Tax Commission says the decision last year provides the legal framework and incentive to tax Airbnb like every other U.S. online business now.
The German government can count on millions of euros in tax revenue from services provided on digital marketplaces like Airbnb, the leading platform for connecting individuals offering or looking for accommodation. However, it remains to be seen whether the existing income and value-added tax regulations for service providers with digital businesses models are still adequate. In order to prevent future shortcomings, reforms for a competition-oriented taxation of service platforms could be implemented without much additional effort, thereby making taxation much more efficient.
Airbnb will automatically report homeowners' income to tax authorities in Denmark under a landmark move.