Tags: hotels | Airbnb | subpoena | tax

Airbnb Reaches Accord With NY Over Subpoena in State Tax Probe

Wednesday, 21 May 2014 11:12 AM

Airbnb Inc. and New York Attorney General Erc Schneiderman reached a settlement over a subpoena tied to a state tax probe of the home-sharing firm, according to a joint statement.

A judge had ruled a previous demand for information about the service’s hosts was too broad, spurring Schneiderman to issue a new subpoena. Airbnb, based in San Francisco, lets customers rent a couch, bedroom or house from a host and makes money by charging a fee for each transaction. With listings in about 34,000 cities around the world, the company is said to be valued at $10 billion under a financing deal with TPG Capital.

“Airbnb and the Office of the Attorney General have worked tirelessly over the past six months to come to an agreement that appropriately balances Attorney General Schneiderman’s commitment to protecting New York’s residents and tourists from illegal hotels with Airbnb’s concerns about the privacy of thousands of other hosts,” the parties said in the statement. “The arrangement we have reached today for compliance with the OAG subpoena strikes this balance.”

Schneiderman’s spokesman Matt Mittenthal had previously said that Airbnb was ‘‘shielding hosts who may be violating a law that provides vital protections for building residents and tourists.’’

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Airbnb Inc. and New York Attorney General Erc Schneiderman reached a settlement over a subpoena tied to a state tax probe of the home-sharing firm, according to a joint statement.
hotels, Airbnb, subpoena, tax
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2014-12-21
Wednesday, 21 May 2014 11:12 AM
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