Articles tagged “taxes”

Southwest Sees U.S. Tax Bill as Opportunity to Buy New Planes

Southwest Sees U.S. Tax Bill as Opportunity to Buy New Planes

Richard Clough and Mary Schlangenstein, Bloomberg

Kelly isn't the only CEO in the travel industry who can't wait for Congress to approve a tax overhaul, and the bill could shape many companies' growth plans.

3 days ago

UK Asks Wealthiest Flyers to Fund New Departure Tax Freeze

UK Asks Wealthiest Flyers to Fund New Departure Tax Freeze

Benjamin Katz and Richard Weiss, Bloomberg

The airline industry's relentless calls for the abolition of the hated air passenger duty have been ignored in favor of a sleight of hand, which passes the burden on to those traveling in premium cabins or private jets. Given the country's lackluster economic outlook, it was probably the best anyone could have expected.

4 weeks ago

Wyoming Considers a Tourism Tax to Pay for Its Destination Marketing

Wyoming Considers a Tourism Tax to Pay for Its Destination Marketing

Bob Moen, Associated Press

It theoretically makes sense to have a one percent tax rise on typical tourist expenses to allow Wyoming to boost its annual destination marketing budget to around $17 million. But the plan will only work if the money is budgeted effectively.

1 month ago

Marriott CEO Believes There Are Limits to What Hotels Can Do About Security After Las Vegas

Marriott CEO Believes There Are Limits to What Hotels Can Do About Security After Las Vegas

Deanna Ting, Skift

Sorenson didn't mince words talking about the negative impact the Trump administration's rhetoric and multiple travel bans are having on international visitation to the U.S. His comments about corporate tax reform may also not please proponents of raising the minimum wage for hospitality workers.

2 months ago

The IRS May Crack Down on Airbnb and Uber Income and Unpaid Taxes

The IRS May Crack Down on Airbnb and Uber Income and Unpaid Taxes

Ben Brody, Bloomberg

Hundreds of millions of dollars in taxable income go unreported every year by Airbnb hosts, Uber drivers, and similar sharing-economy workers. As the federal budget gets pressured, expect tax authorities to come calling.

5 months ago

Montana Towns Argue for Resort Tax Hikes

Montana Towns Argue for Resort Tax Hikes

Bobby Caina Calvan, Associated Press

Booming traffic, or overtourism, to Montana's scenic jewels, such as Yellowstone and Glacier national parks, is stressing the small gateway towns.

9 months ago

Expedia Joins Apple, Others When It Comes to European Tax Savings

Expedia Joins Apple, Others When It Comes to European Tax Savings

Bernard Condon, Associated Press

It would be hard for Expedia, like any other company, to say no to 26% tax savings. Time for a bit of reform.

1 year ago

Airbnb Agrees to Collect Taxes From its Hosts in Los Angeles

Airbnb Agrees to Collect Taxes From its Hosts in Los Angeles

Deanna Ting, Skift

Does this tax-collection agreement mean Airbnb is completely legal in Los Angeles? Not really. But if you're renting out your home as a short-term rental, the city wants to make sure it gets its cut of the business, even as it's revising its short-term rental laws.

1 year ago

Hawaii Governor Will Veto Bill Allowing Airbnb To Collect Taxes

Hawaii Governor Will Veto Bill Allowing Airbnb To Collect Taxes

Cathy Bussewitz, Associated Press

Hawaii may become the only U.S. state so far to veto legislation that requires sharing economy services to collect state and local taxes.

1 year ago

Chicago Turmoil Inspires Other Illinois Cities to Challenge Airbnb

Chicago Turmoil Inspires Other Illinois Cities to Challenge Airbnb

Sophia Tareen, Associated Press

Now, even smaller U.S. cities and towns are pushing back against disruptive Airbnb rentals.

1 year ago

Airbnb Guests and Hosts Will Now Pay Pennsylvania’s Hotel Tax

Airbnb Guests and Hosts Will Now Pay Pennsylvania’s Hotel Tax

Associated Press

Airbnb's new strategy of working with states and cities on tax issues, instead of ignoring them completely, is a sign of the company finally starting to grow up.

2 years ago

Booking.com Gets a Nearly $400 Million Tax Bill From France

Booking.com Gets a Nearly $400 Million Tax Bill From France

Yann Le Guernigou, Reuters

European tax authorities, in this case from France and Italy, continue to go after online travel agencies like Booking.com for back taxes. Booking.com is such a large company that a $400 million bill, if it actually must be paid, won't cause the company to sweat excessively.

2 years ago