"We are pleased to have reached an agreement that, above all, protects the public's money. Our office works tirelessly to defend San Francisco's tax laws and ensure all taxpayers pay their fair share. This settlement achieves both goals while putting this dispute behind us."
"The settlement may help the city's large deficit. The $120 million that Airbnb claimed to have overpaid in taxes was being held by the city's litigation reserve, which keeps money that the city may have to pay out for lawsuits."
"In 2025, San Francisco labor unions called for a boycott of Airbnb over the lawsuit. They staged rallies last October outside of the short-term rental company's headquarters in SoMa to pressure the company to drop the lawsuit. Elected officials, including Speaker Emerita Nancy Pelosi, District 1 Supervisor Connie Chan and District 6 Supervisor Matt Dorsey joined the boycott rally."
Airbnb has resolved its $120 million lawsuit against San Francisco with a settlement of $0, concluding a dispute over business taxes the company claimed were incorrectly calculated for tax years 2019-2022. City Attorney David Chiu stated the agreement protects public money while ensuring taxpayers pay their fair share. The $120 million had been held in the city's litigation reserve. The settlement may help address San Francisco's budget deficit, with financial details to be disclosed in March through the controller's office five-year forecast. The dispute drew significant opposition from labor unions and elected officials, including Nancy Pelosi, who staged boycott rallies at Airbnb's headquarters in October.
#tax-dispute-settlement #airbnb-san-francisco #municipal-budget #labor-union-boycott #business-tax-litigation
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