Airbnb to Pay €576 Million to Settle Italian Tax Claim (1)

Airbnb Inc.’s Irish unit agreed to pay Italian authorities €576 million ($621 million) to settle allegations that it hadn’t paid enough tax.

The San Francisco-based home-sharing company doesn’t acknowledge “any liability” as part of the settlement, it said in a regulatory filing on Wednesday.

Italy’s finance police had claimed that the company failed to pay taxes on about €3.7 billion ($4 billion) of hosts’ rental revenue and claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.

Airbnb is still in discussions about its taxes for 2022 and 2023, and ...