These regulations appear to mostly apply to the individuals who choose to rent out their property. Airbnb itself dodged the one big item that would have impacted them directly, which was an idea that Airbnb should be on the hook for $25 million in "back taxes."
> Airbnb itself dodged the one big item that would have impacted them directly, which was an idea that Airbnb should be on the hook for $25 million in "back taxes."
Though, I'm sure they didn't want to pay $25 million, I doubt it was as important as some of the other regulations they were hoping to avoid.
A one time fine of $25 million isn't as important as a law that would've prevented any type of rental. That would've been more existential.
Also, the $25 million was proposed to be paid by Airbnb and other similar companies. They weren't on the hook for the entire amount, though, it probably would have been most of the amount. But that's off track from my point that $25 million isn't the #1 issue they were worried about.
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