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UK subscription site popular with amateur porn models may face huge unpaid tax bill

UK subscription site popular with amateur porn models may face huge unpaid tax bill

Technology
OnlyFans, a content subscription service popular with amateur pornographic models, could face a VAT bill covering more than three years' worth of uncollected taxes, Sky News has learnt.The service, which has spiked in popularity during the coronavirus lockdown, functions like a social media platform where fans pay a monthly subscription fee to access content creators' protected posts. Last week, for the first time since it began operating in 2016, the service started charging VAT on fans' monthly subscriptions following discussions with Her Majesty's Revenue and Customs (HMRC). Image: HMRC is currently reviewing OnlyFans' tax arrangements Sky News understands HMRC is currently reviewing whether the company should have been collecting ...
Trump downplays huge day of Black Lives Matter protests across US

Trump downplays huge day of Black Lives Matter protests across US

World
America has seen one of its largest days of protests against racism and police brutality since George Floyd died in custody.Hundreds of thousands of demonstrators, mostly wearing masks during the COVID-19 pandemic, marched in cities across the country on the 12th day of protests. A second memorial service for Mr Floyd, who died in Minneapolis, Minnesota, on 25 May, was held in Raeford, North Carolina, where he was born. Hundreds lined up to pay their respects ahead of a private family service later in the day and his funeral on Tuesday in Houston. ...
‘Major mispricings’ in market are creating huge opportunities, Wells Fargo’s Chris Harvey says

‘Major mispricings’ in market are creating huge opportunities, Wells Fargo’s Chris Harvey says

Finance
It may be time to explore contrarian plays.Wells Fargo Securities' Christopher Harvey is telling investors the best opportunities are in the hardest hit parts of the stock market. He believes the potential rewards outweigh the risks."Start adding cyclicality. Start adding value. Start adding risk," the firm's head of equity strategy told CNBC's "Trading Nation" on Wednesday. "This is where the major mispricings are."Harvey, who once referred to himself during an interview as "not a real positive guy," believes the worst is behind the market as the country battles the coronavirus pandemic."We're starting to price in a less bad scenario," he said. "Things are getting slightly better at the margin."In addition to fewer new virus cases, better spending patterns and the gradual reopening of the...