France plans to close tax loophole benefiting Airbnb

A general view show the illuminated Eiffel Tower and the skyline of La Defense business district at night in Paris, France, November 28, 2016. REUTERS/Charles Platiau/File Photo

A trio of cross-party lawmakers last month called for rules regulating such rentals to be tightened and for an end to the more favourable tax treatment such rentals receive vis a vis normal long-term rentals. "When a windfall gets too big and tax is too favourable, there is no reason to keep such tax treatment that leads to excess," he added.

Nearly 20% of people in the greater Paris region that do not already rent their home or part of it on Airbnb plan to do so during next year's Olympic Games in the French capital, according to a survey the platform commissioned from pollsters Ifop.

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