The Capital Link Issues Independent Analysis on LuxUrban Hotels' New York Sales-Tax Compliance

Core Insights - The Capital Link published an independent analysis titled "They Got It Wrong," examining LuxUrban Hotels Inc.'s compliance with New York State and City sales and occupancy tax requirements from 2020 to 2025 [1][4] Compliance Findings - The analysis concludes that LuxUrban's tax position aligns with New York state and city laws, indicating compliance with applicable tax regulations [2] - A significant portion of taxable transactions was processed through third-party online travel agencies (OTAs), which are responsible for collecting and remitting sales and occupancy taxes under New York law [2] Implications and Clarifications - The report aims to clarify claims of significant unpaid taxes, suggesting that public narratives may have exaggerated potential liabilities [3] - It emphasizes the importance of careful interpretation of tax filings and enforcement actions in the hospitality sector, which has broader implications for tax reporting and investor information [3]