Italy’s Finance Police is seizing about €779 million ($835 million) from the home-sharing company Airbnb Inc. after it allegedly failed to pay some taxes.
Airbnb didn’t pay Italy the 21% withholding taxes owed on about €3.7 billion of rental revenue, according to a statement Monday from Milan Tribunal prosecutors. Three people who worked for the San Francisco-based company during that time are under investigation, the statement added.
Earlier this year, Milan prosecutors started investigating Facebook parent company Meta Platforms Inc. for alleged unpaid value-added taxes that totaled about €870 million.
