Business Insider – Airbnb is under pressure in France

December 16, 2016
A hotel lobbying group in France has succeeded in getting the country’s parliament to tighten tax laws on rental income in an effort to slow Airbnb’s growth in the country, The Financial Times reports. The law will require Airbnb to send tax data to the French government, rather relying on individual hosts who use the service to provide it. This comes on the heels of legislation passed earlier this year that effectively makes it impossible for Paris residents to rent out their properties for more than 120 days per year. If residents want to do so, they must register the property with the city government as commercial property. In Paris, that means the individual registering the property would also have to buy an equal amount of commercial property in the neighborhood and convert it to residential property. Individuals breaking the rule could be fined more than $26,000…
Source: http://www.businessinsider.com/airbnb-is-under-pressure-in-france-2016-12