Welcome to the discussion on navigating the complexities of camming in light of new DAC7 regulations. Members have been sharing their experiences, concerns, and strategies for dealing with the potential financial and privacy impacts of these changes.
- Several members are considering moving away from DAC7 reporting sites to platforms that currently do not require such reporting, citing significant financial burdens due to high taxes and operational costs.
- Discussion on tax implications in different countries, with specific examples from Hungary, where the tax burden is particularly high. Members are exploring strategies to minimize their tax liabilities, including working through studios or finding tax-efficient ways to operate.
- There's a consensus on the need for clarity from cam sites on their reporting policies under DAC7. Some sites have been reported to not provide clear answers, leaving models uncertain about their reporting obligations.
- Members are sharing information on which platforms have confirmed they will not report under DAC7, including LoyalFans and SkyPrivate, while seeking more answers from other sites.
- The conversation also touches on the possibility of studios reporting earnings and how this impacts individual models. Some models are considering studio work as a potential solution to mitigate the reporting requirements.
- Concerns about privacy and the potential for being labeled as a sex worker in official documentation are also a significant topic of discussion, with some models seeking platforms that prioritize their privacy.
- The debate continues about the threshold for reporting and whether the number of transactions or total earnings will trigger reporting requirements. Models are sharing insights from their communications with various platforms to help each other navigate these uncertainties.
This summary provides an overview of the ongoing conversation among webcam models as they navigate the challenges posed by DAC7. The community continues to share insights, advice, and support as they adapt to these changes.