Baku, December 8, AZERTAC
Home sharing site Airbnb aims to extend its network of tax agreements to 700 cities by the end of next year, according to AFP.
The company has already clinched 200 tax agreements that allow it to collect and remit hotel taxes to local authorities, Brian Chesky.
The 700 cities where it is now aiming to have secured tax agreements by end-2017 generate more than 90 percent of its revenue.
Airbnb is in the crosshairs of many cities around the world, where tourism industries see the home sharing site, lacking the legal and tax constraints of commercial enterprises, as threatening revenues.