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.
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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]