The joy of taxes aka European DAC7 directive
DAC7, part of the EU’s administrative cooperation in taxation, mandates digital platforms to collect and report sellers’ data, making tax evasion more difficult. Active for over a year, it’s unevenly implemented, with non-compliance risking hefty fines. Platforms like Stripchat have complied, requiring user information such as TINs; others may follow. Contribution thresholds and reporting timelines…