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Airbnb finds it pays to make peace with taxman in booming Mexico

It agrees with the local govt to collect and remit a 3% occupancy tax

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"Home-sharing is very popular there, and the local government is excited about the benefits we can bring," said Airbnb co-founder and chief strategy officer Nathan Blecharczyk.

Mexico City

WHEN Elvira Fernandez decided to turn her Mexico City apartment into a temporary rental space through Airbnb Inc, she never imagined she'd be cashing in as much as 50 per cent more than a long-term lease would've yielded.

Ms Fernandez has a lengthy list of reasons why

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