PARIS (Reuters) – France’s finance ministry is working on plans to close a tax loophole benefiting short-term furnished rentals such as AirBnB, Finance Minister Bruno Le Maire said on Friday.
Many big French cities are facing housing shortages and renting flats to tourists on platforms such as AirBnB which is often blamed for reducing the supply of housing.
A trio of cross-party lawmakers last month called for regulatory rules such as rentals to be tightened and for an end to the more favorable tax treatment such as rentals receive vis a vis normal long-term rentals.
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