Italy seizes €780 million from Airbnb in tax probe

Italian police seized €779.5 million ($835.5 million) from online accommodation giant Airbnb over allegations of tax evasion.

Prosecutors claimed the company failed to collect the required 21% tax from Italian landlords on their rental income between 2017 and 2021.

The seizure targeted the company’s European headquarters in Ireland and three individuals who held managerial positions during the period in question.

Airbnb said it was “surprised and disappointed” by the action, stating…