South Africa's Tax Agency Targets Crypto Tax Defaulters in New Crackdown

In an assertive move to enforce tax compliance, South Africa's revenue service has initiated a targeted campaign aimed at cryptocurrency investors who have failed to declare their earnings. This development comes amidst a growing recognition of cryptocurrencies as a crucial component of the country’s financial landscape.

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UK Tax Authority Cracks Down on YouTube Creators and Etsy Sellers Over Tax Evasion Concerns

The UK’s tax authority, HM Revenue and Customs (HMRC), has launched a significant initiative targeting tax evasion and avoidance practices among a growing class of digital entrepreneurs. The crackdown particularly focuses on content creators on platforms like YouTube and sellers on Etsy, as these individuals often operate in a gray area of tax compliance, leading to concerns over potential revenue losses for the crown.

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