Airbnb faces potential $1.35 bln tax bill over IP sale to subsidiary - Business Insider

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Airbnb just revealed it's under examination by the IRS, which is proposing the home-sharing giant pay more than $1.35 billion in back taxes

Lyric, an Airbnb-backed hospitality startup that raised $180 million, is offloading its final property to a competitor as its founder turns to focus on software business

The company, which slashed staff and cut costs as travel and hospitality was battered by the global pandemic, plans to fight a potential adjustment. The issue, first noted in the "risk factors" section of the filing, could have a serious impact on the company's financials.

 

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