Airbnb's 'weird open secret' that New York lawmakers don't address
New York pols have been skewering Airbnb's business model for a while. The situation intensified last week when Governor Andrew Cuomo, at the behest of a Democratic-led N.Y. Assembly and the GOP-led Senate, made it illegal for Airbnb to advertise unoccupied apartments for short-term rentals.
But for all their vitriol and regulatory scrutiny, New York lawmakers seem to be overlooking Airbnb on one key issue ' taxes.
New data shows how state tax authorities are missing out on collecting close to...