KSN-TV

SAN FRANCISCO (AP) — The short-term housing rental service Airbnb has paid back taxes that ran into the millions of dollars to the city of San Francisco, the company said Wednesday.

The popular San Francisco-based company said in a statement that it has paid in full a back-tax bill. A spokesman wouldn’t say how much the company paid.

City Treasurer Jose Cisneros ruled in 2012 that Airbnb owed back taxes. He has declined to reveal how much money he collected so far from Airbnb, saying local law mandates confidentiality on all tax matters.

Officials had estimated that Airbnb owed the city as much as $25 million, the San Francisco Chronicle reported.

The back-tax issue had threatened to unravel legislation that the supervisors passed last year legalizing short-term home rentals in the city. The law mandated that Airbnb pay the city’s hotel tax going forward, but it didn’t address issue of…

View original post 67 more words

Advertisements