The company petitioned US Tax Court on July 30 to contest an IRS determination that it underpaid its taxes by $1.33 billion for 2013 as well as the $573 million in fines tacked on by the IRS in the process. The IRS had already claimed Airbnb understated its income by $4.2 billion based on resources and rights it made to its foreign affiliate, Airbnb International.
The company’s international arm was formed in 2013. Airbnb entered into a technology and intellectual property licensing ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.