Skip to comments.Low Irish taxes boost Airbnb profits (but EUSSR wants Ireland to raise them)
Posted on 07/22/2014 2:19:25 PM PDT by Olog-hai
The peer-to-peer property renting website, artAirbnb, makes it possible for people in crisis-stricken states to earn extra money, but the company itself has placed its headquarters in places like Ireland, Jersey and Delaware to avoid paying tax. EurActiv France reports. [ ]
In late March 2014, the website announced that one million French holidaymakers used Airbnb since it launched in 2008, the same number as in the UK. In Spain, one million tourists used the website to rent property.
The French Ministry of Finances has condemned this kind of revenue. France has nothing to gain from developing this kind of renting
no sojourn tax, no VAT, non-taxed revenue and no provision for income tax, a worker in the Ministry told EurActiv France.
(Excerpt) Read more at euractiv.com ...
Delaware? As in our state of Delaware? I know that they have some of the easiest and friendliest corporate laws in the US, but you still have to pay the US corporate tax rate and an 8.7% rate for profits made in Delaware.
I don’t know what other incentives Delaware offers.
And Jersey is the Channel Island rather than New Jersey.
If France developed tax rates that were competitive with Ireland, then there would be no problem. Instead, they cry foul to the EU because they want more of other people’s money. Tough noogies, France.
True statism. Note that the only accepted benefits are those of the state.
God forbid some of their citizens have a few extra bucks.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.