Spain’s tourist boom won’t help its tax revenues thanks to Airbnb
Spain is experiencing a record-breaking tourism boom, but the economic benefits are increasingly bypassing traditional tax channels. The rise of private short-term rentals like Airbnb is shifting revenue away from the state.
Why it matters
This highlights the challenge governments face in capturing tax revenue from the gig and sharing economy during periods of high tourism.
One bright spot for Spain’s ailing economy has been tourism. According to a new count by the government, tourism arrivals in the first half of 2013 have been strong, and June saw the country break records with 6.3 million visitors .
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