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Airbnb has started collecting & remitting taxes in a lot of states. I think this is in an effort to "legitimize" their business. This also eliminates a huge amount of leverage hotel & B&B organizations could have had with state & local lawmakers to enact regulations. In my city & state, the B&B owners were emphasizing that Airbnb cost millions in lost tax revenue. Now the millions of dollars in tax revenue lost is suddenly forgiven because Airbnb started collecting taxes after 10 years of dodging it!I'm not sure if Air will shift the entire 12% from the guest to the host. I mean, they're getting 15% no matter who pays it. If anything, they'll keep the 12% guest fee and increase the host fee to match! Air needs its host base to remain high and has to encourage hosts to continue to be their free resource & work force. Now that Air is worth over $30 billion, do they really need to have an incentive to encourage guests to book? They're already getting millions customers while charging them a 12% fee.
Airbnb has started collecting & remitting taxes in a lot of states. I think this is in an effort to "legitimize" their business. This also eliminates a huge amount of leverage hotel & B&B organizations could have had with state & local lawmakers to enact regulations. In my city & state, the B&B owners were emphasizing that Airbnb cost millions in lost tax revenue. Now the millions of dollars in tax revenue lost is suddenly forgiven because Airbnb started collecting taxes after 10 years of dodging it!
I'm not sure if Air will shift the entire 12% from the guest to the host. I mean, they're getting 15% no matter who pays it. If anything, they'll keep the 12% guest fee and increase the host fee to match! Air needs its host base to remain high and has to encourage hosts to continue to be their free resource & work force. Now that Air is worth over $30 billion, do they really need to have an incentive to encourage guests to book? They're already getting millions customers while charging them a 12% fee.
