Airbnb to report homeowners' income to Danish tax authorities

INSUBCONTINENT EXCLUSIVE:
Image copyrightGetty ImagesAirbnb will automatically report homeowners' income to tax authorities in Denmark under a landmark move.It will
make it easier to spot tax evasion by homeowners renting out rooms and properties via the site.Danish tax minister Karsten Lauritzen said
the country wants a "sharing economy" to flourish, but on condition taxes are paid.The move - which needs clearance in parliament - comes as
several countries try to rein in Airbnb tax evaders.In addition to the issue of taxes, Airbnb is blamed for pushing up house prices in major
cities and taking away business from hotels and BB outlets.The Denmark deal will also include limiting the number of days an owner may list
a property to 70 a year
Owners will be given a tax-free allowance of up to 40,000 kroner (£4,690) a year."We want a flourishing sharing economy in Denmark where it
is possible for renters to earn a reasonable tax-free amount on making their property available," said Mr Lauritzen
"But it is under the condition that tax payments are in order."Airbnb had about 30,000 renters in Denmark in 2017 and more than 900,000
visiting users
A typical Airbnb host in Denmark earned on average 15,500 kroner by sharing their space for 23 nights a year.Patrick Robinson, Airbnb head
of public policy in Europe, said the move was "innovative and forward-thinking" by Denmark
"The progressive attitude of Denmark is an example to the world and demonstrates how positive results can be achieved when policymakers and
Airbnb work together on the shared goals of making cities better places to live, work and visit," he said in a statement.This week, German
tax officials asked Airbnb to surrender all data on its country's users to help track down tax evaders
And in China the company has agreed to give to authorities the booking and passport details of people staying in Airbnb properties.