Combatting Illegal Short-Term Rentals

The article discusses the efforts of condo corporations, cities, and tax authorities to combat illegal short-term rentals. Various strategies and laws are being enacted, and Airbnb is collecting and remitting taxes on behalf of hosts in some countries. New York is considering a law that would make it illegal to advertise unoccupied apartments for less than 30 days on Airbnb, with increasing fines for repeat offenders. The collection of occupancy taxes helps tax collection agencies to identify who is generating income and to tax it accordingly.