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Airbnb has settled a tax dispute with Italy by agreeing to pay €576 million ($621 million) to Italian authorities. According to Financial Times, this agreement resolves a conflict over the company’s failure to withhold rental income taxes from hosts, as Italian law requires. The settlement, reached with Italy’s Agenzia delle Entrate (tax office), comes after Italian prosecutors accused Airbnb of not complying with a 2017 law obliging short-term rental platforms to collect 21% of landlords’ rental income for tax authorities. Airbnb announced that the settlement reached on Wednesday addresses ho…

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