Airbnb loses legal battle in Europe

seekingalpha2022-04-28

kellyvandellen/iStock Editorial via Getty Images Airbnb (NASDAQ:ABNB) is encountering more legal troubles after a new ruling from the European Court of Justice. On Wednesday, the highest court in the...

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aaronh
2022-04-28
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On Wednesday, the highest court in the...</p>\n\n<a href=\"https://seekingalpha.com/news/3827728-airbnb-loses-legal-battle-in-europe\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4566","symbol_name":"资本集团","start_time":0,"source_url":"https://seekingalpha.com/news/3827728-airbnb-loses-legal-battle-in-europe","article_id":"2230464218","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2230464218","pubTimestamp":1651080273,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"kellyvandellen/iStock Editorial via Getty Images  Airbnb (NASDAQ:ABNB) is encountering more legal tr","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4566":"资本集团","BK4142":"酒店、度假村与豪华游轮","BK4535":"淡马锡持仓","BK4505":"高瓴资本持仓","BK4561":"索罗斯持仓","ABNB":"爱彼迎"},"translate_title":"爱彼迎在欧洲输掉法律战","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABNB":1},"content_text":"kellyvandellen/iStock Editorial via Getty Images  Airbnb (NASDAQ:ABNB) is encountering more legal troubles after a new ruling from the European Court of Justice. On Wednesday, the highest court in the EU rejected the online accommodation company’s case, filed through its Irish operation, against regulations in Belgium that require the company to transmit certain details of transactions to tax authorities. The court explained that while information services are generally protected from such regulations via “freedom to provide services” statutes in EU law, the Belgian requirement is “of a fiscal nature and, on that basis, is excluded from the scope of the directive on electronic commerce.” The rejection of Airbnb’s (ABNB) appeal is the latest blow, albeit minor, for the company in Europe as numerous cities have sought legal avenues to restrict its growth. For example, cities like Barcelona, Paris, and Berlin have either banned or severely restricted the company’s operation at different points in recent years. Meanwhile, major US metros, such as New York, have attempted to enact their own protections to prevent housing shortages.  In response to growing legislative headaches, especially in Europe, the company went to the extent of offering its own harmonized EU rules plan in December.  Despite the latest ruling, shares gained on Wednesday morning in New York.  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