ROME: Online accommodation platform, Airbnb, appeared before the Senate Inqury into the tax avoidance of multinational companies, with the ANZ manager arguing the startup brings a significant amount of money into the economy.
Airbnb has found itself in the spotlight on Wednesday, when a Senate inquiry into the tax avoidance of multinational companies probed the online accommodation startup, demanding an explanation of where the money paid in Australia was going.
Sam McDonagh, Airbnb Country Manager Australia and New Zealand, said the service results in guests injecting money into the community and often staying longer than a typical tourist would, adding that although Airbnb continues to grow, typical hotels have also experienced a rate increase.
