Airbnb will soon begin collecting a 14% tourist tax for the City of Los Angeles. The deal, announced on July 18, is expected to provide more than $5 million in annual revenue from lodging and rental hosts.

Read More: http://www.smobserved.com/story/2016/07/19/news/airbnb-and-city-of-los-angeles-strike-tax-deal/1630.html