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0 0 8.52006475248437E-05 0.000340802590099617 0.000937207122774128 0.00076680582772432 0.00195961489307322 0.000852006475249163
Stock impact report

Rachel Reeves' plan could bring tourist tax to English hotels and Airbnb's [Yahoo! Finance]

Airbnb, Inc. - Class A (ABNB) 
Company Research Source: Yahoo! Finance
short-term rental stays, bringing England into line with Scotland, Wales and many European destinations. Under plans reported by several UK media outlets, mayors would be able to apply a nightly levy on accommodation such as hotels, guest houses and Airbnb-style rentals, with revenue ringfenced for transport, public services and local infrastructure. The powers are due to be created through amendments to the English Devolution and Community Empowerment Bill currently before Parliament. Local leaders would then decide whether to introduce a visitor levy, what rate to set and how to use the funds in their cities or regions. Government sources have argued that England is an outlier among developed economies for not already having a tourism tax, pointing to widespread use of hotel taxes across Europe and in other OECD countries. For the global hotel industry, the move would mark a significant shift in the tax landscape of the English market. Until now, visitors have paid 20% val Show less Read more
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