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Airbnb looks to Latin America, now its fastest-growing market

As Airbnb turns its attention to Latin America, the often-combative company is taking an unusual approach. It’s giving local governments what they want. The home and apartment-rental company said it will collect and remit taxes in Mexico City, the first such arrangement in Latin America. Airbnb will provide 3 per cent of revenue generated from bookings in Mexico City to the city’s government. Hotels there also pay a 3 per cent lodging tax to local officials. Airbnb said it intends to replicate the…