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Airbnb challenged to ‘come clean on Aussie revenue’

December 2, 2015 Headline News 3 Comments Email Email

egtmedia59The chief executive of the Accommodation Association of Australia, Richard Munro, has issued a provocative challenge following a recent public hearing as part of the Senate Economics Committee inquiry into corporate tax avoidance.

“Despite repeated public questioning, Airbnb is continuing to refuse to disclose the amount of tax it pays in Australia,” Munro said.

“This is despite Airbnb saying it has more than 50,000 listings in Australia and each individual listing, on average, generates AUD 7100 of revenue on an annual basis.http://www.dreamhotels.com/bangkok/

“This means Airbnb is generating in excess of AUD 350 million in Australia each year and it appears most of this is being funnelled back to a parent company which is based in Ireland.

“If this is true, these are hardly the actions of a good corporate citizen.

“Airbnb said at the hearing that it only takes 3% of revenue per ‘room’, but on its website it states: ‘we charge a 6-12 per cent guest service fee every time a reservation is booked’ (https://www.airbnb.com.au/help/article/104/what-are-guest-service-fees).

“The accommodation industry is calling on Airbnb to clarify which figure is correct.

“It’s disappointing that platforms like Airbnb appear to be avoiding paying tax in Australia and are, therefore, free-riding on the tourism industry.

“Through our submission and attendance at the public hearing, the Accommodation Association is continuing to actively participate in this important inquiry on behalf of Australia’s tourism accommodation industry.”

Edited by William Sykes

Currently there are "3 comments" on this Article:

  1. gnits says:

    …the government should tax the owner of the unit or house not airbnb… hello..

  2. Bubbles says says:

    If the owner puts the moneys thru their business account they are paying tax on it so they would be fine it is the ones who are banking it into an account and not declaring it.

  3. Nicky says:

    Actually the Government should tax the owner AND AirBnB

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