Airbnb settles Italian tax dispute for €576M, down from €779M assessment

Airbnb, Inc.

Settlement with Italian Revenue Agency covers 2017-2021 for €576M, without admitting liability.
Original assessment was €779M; settlement includes taxes, interest, and penalties for those years.
Company will not seek recovery from hosts for the settled periods (2017-2021).
2022-2023 withholding tax assessments remain open and could be material.
Airbnb Ireland subsidiary is the party to the settlement; payment aggregate €576M.

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