September 11, 2016
Airbnb is set to become the next target for angry tax campaigners for channelling its takings from across Europe through the low tax state of Ireland. Airbnb opened its 40,000 sq ft new headquarters in Dublin earlier this year to manage all its non-US sales. The Irish division has yet to file any accounts, but a spokesman told The Mail on Sunday it has been taking all its non-US revenue through Ireland since 2014. The group, whose US headquarters are in Silicon Valley, California, said it had based its international business in Ireland because it was a centre for technology firms. But tax campaigners point to Ireland’s corporation tax rate of just 12.5 per cent, compared with 20 per cent in the UK. Richard Murphy of Tax Research said: ‘This is yet another case of a company that appears to be saying one thing and doing another. Its technology is all US-based and yet it is charging through Ireland. How can that be explained by anything but tax?’…
Source: http://www.thisismoney.co.uk/money/news/article-3783188/Give-break-Airbnb-Home-rental-site-faces-tax-storm-revenue-sent-Ireland.html
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