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BUSINESS TODAY 14 December 2023

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7.12.2023 6 MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES APS 7,526 4,515.60 1 0.600 0.600 0.600 0.600 0.000 BMIT 135,625 58,318.75 5 0.430 0.430 0.430 0.430 0.000 BOV 73,352 81,346.38 7 1.130 1.090 1.110 1.130 0.040 GO 9,400 27,778.00 4 2.960 2.940 2.960 2.940 0.000 HLI 1,800 410.40 1 0.228 0.228 0.228 0.228 0.000 HSB 109,863 119,750.67 4 1.090 1.090 1.090 1.090 0.000 MIA 19,973 108,882.85 4 5.500 5.450 5.500 5.450 0.000 PG 83,900 161,386.52 7 1.940 1.920 1.920 1.940 0.020 CORPORATE STOCKS G32G 10,000 10,365.00 1 103.650 103.650 103.650 103.650 -0.580 G34A 58,400 60,718.48 1 103.970 103.970 103.970 103.970 -1.030 G40A 216,000 192,302.18 7 99.000 88.280 98.000 88.280 -2.220 G43AA 25,000 24,835.00 1 99.340 99.340 99.340 99.340 -0.910 CORPORATE BONDS AX24A 25,000 25,250.00 1 101.000 101.000 101.000 101.000 0.990 AX29A 4,300 4,203.25 1 97.750 97.750 97.750 97.750 -0.200 BB33A 8,500 8,712.50 1 102.500 102.500 102.500 102.500 0.500 BV30B 27,200 24,147.46 8 89.200 88.500 88.510 89.200 1.190 CE33A 10,100 10,100.00 1 100.000 100.000 100.000 100.000 0.000 DF26A 20,000 20,000.00 1 100.000 100.000 100.000 100.000 0.010 HF28A 5,000 4,675.50 1 93.510 93.510 93.510 93.510 0.010 IB32A 10,000 10,000.00 1 100.000 100.000 100.000 100.000 0.000 IH26A 13,500 13,600.65 3 100.750 100.740 100.740 100.750 0.000 IH31A 4,000 3,720.00 1 93.000 93.000 93.000 93.000 0.000 JD32A 9,100 9,044.35 2 99.850 99.010 99.850 99.010 -0.840 MI23A 9,000 8,998.35 2 100.000 99.970 99.970 100.000 0.800 MP32A 5,000 4,970.00 1 99.400 99.400 99.400 99.400 -0.100 ON34A 16,000 15,360.00 2 96.000 96.000 96.000 96.000 -2.000 SF27A 10,000 10,000.00 1 100.000 100.000 100.000 100.000 0.700 SP29A 3,000 2,970.00 1 99.000 99.000 99.000 99.000 0.000 ST27A 33,000 33,000.00 4 100.000 100.000 100.000 100.000 0.000 VR27A 300 289.50 1 96.500 96.500 96.500 96.500 -2.400 Malta Stock Exchange Regulated Main Market Trading Date: 13 December 2023 Airbnb is paying $621 million to settle its tax dispute with Italy AIRBNB has agreed to pay 576 million euros ($621 million) to settle a longstanding dispute over unpaid taxes in Italy. Italian prosecutors said last month that the company owed as much as €779 million ($840 million) in short-term rental tax- es that it had failed to pay on be- half of hosts using the platform between 2017 and 2021. Italian tax authorities had threatened to seize the funds. Airbnb said in a statement Wednesday that it would not try to recover any of the mon- ey from its hosts. It said it was working on introducing new tools for hosts to have their tax- es withheld automatically by Airbnb and paid to the Italian authorities directly on their be- half. "e vast majority of hosts on Airbnb in Italy are ordinary families that are using the plat- form for supplemental income," the company said. "We hope the agreement with the Italian Rev- enue Agency and recent legisla- tive changes in Italy will provide these families with certainty about the rules around hosting for years to come." Italy is an important market for Airbnb, with thousands of hosts using the platform to rent their properties. e typical host earned just over €3,500 last year. According to Italian prosecu- tors, the company generated around €3.7 billion ($3.96 billion) in rental income in Italy between 2017 and 2021, of which 21% was due in taxes. Airbnb had argued in a Euro- pean Union court that the tax on short-term rentals, introduced in 2017, was not legal under the bloc's regulations, but lost the case in December last year. Italy has had success previous- ly in recovering taxes from US tech platforms. In 2017, Goog- le (GOOGL) agreed to pay Italy €306 million ($327 million) to cover taxes for the years 2009 to 2015. And in 2015, the country worked out a similar unpaid tax deal with Apple (AAPL) worth €318 million ($340 million). e settlement with Airbnb comes as the government of Prime Minister Giorgia Meloni seeks to crack down on rampant tax evasion and raise the tax rate on short-term lets — such as those provided by Airbnb — to 26%. Airbnb said in its statement that it welcomed clarity provided by the Italian government's 2024 Budget Law on how platforms should withhold income taxes for non-professional hosts in Italy in the future, as well as the progress of national short-term rental rules in Italy, including a national registration system. "ese improvements will make it easier for historic centers such as Venice and Florence to see who is hosting and how often, and to develop proportionate policy solutions in response. Airbnb is committed to working with Italian authorities to make the rules a success."

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