Airbnb has come under fire after its first full accounts reveal the UK arm of the company owed corporation tax of £ ##500 ( $ 391,000 ) on £ 1.4 m profit for the 11 January to December period . Critics have accused the San ##ndon - based firm , valued at £ 23bn , of exploiting Ireland 's " favourable corporate tax regime " in a similar manner to Facebook and Google . A spokesperson for Airbnb said its UK arm collects international payments on behalf of its Irish HQ , and added : " We follow the rules and pay all the taxes we owe in the places we do business . "
Airbnb has come under fire after its first full accounts reveal the UK arm of the company paid corporation tax of £317,000 ($391,000) on £1.4m profit for the 11 months to December 2015. Critics have accused the San Francisco-based firm, valued at £23bn, of exploiting Ireland's "favourable corporate tax regime" in a similar manner to Facebook and Google. A spokesperson for Airbnb said its UK arm processes international payments on behalf of its Irish HQ, and added: "We follow the rules and pay all the tax we owe in the places we do business."