Airbnb backs OECD approach to digital services tax

‘We believe that for a global tax system to work effectively and efficiently, it needs to be truly global, consistently applied across borders, and simple to comply with,’ Airbnb said. — AFP

LONDON: Home rental startup Airbnb said on Aug 12 that it supported the development of a digital services tax regime being discussed by the Organisation for Economic Co-operation and Development (OECD) to bridge a divide between the United States and Europe.

The OECD talks involve over 100 countries on a major rewrite of global tax rules to bring them up to date for the digital era, but they have so far not produced results as the negotiations have been complicated by the coronavirus pandemic.