Taking Stock 

HMRC far from 'arm's length' with Airbnb

Mark Robinson

HMRC far from 'arm's length' with Airbnb

Last month, Airbnb Inc confirmed that it intends to go public in 2020, reportedly through a direct listing rather than an initial public offering (IPO). If the direct route to market is indeed the preferred option, it would represent bad news for investment banks as they stand to miss out on millions in underwriting fees, although, as we'll see, tax consultancies stand to benefit from increased scrutiny from government regulators into its tax arrangements.

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