Italy police seize €779 million from Airbnb in tax probe

Italy's financial police on Monday seized over €779 million from online accommodation service Airbnb for alleged tax evasion.

Transcript

00:00 A judge in Italy has ordered the seizure of nearly 800 million euros from short-term rental

00:06 giant Airbnb over alleged tax evasion.

00:09 Prosecutors say the company failed to collect a tax from landlords on around 3.7 billion

00:15 euros of rental income between 2017 and 2021.

00:20 They're particularly focused on three people who held managerial roles at the time.

00:25 Airbnb says it acted in full compliance with the law.

00:28 Residents have to pay 21% tax on short-term rental properties.

00:32 [SWOOSH]