The UK launches a tax inspection campaign on online trading platforms involving 1.1 billion pounds.

Market News: UK Chancellor of the Exchequer Hunt has launched a tax audit operation totaling £1 billion targeting online trading platforms. This inspection mainly focuses on potential tax declaration irregularities, revenue underreporting or tax evasion issues by online trading platforms. It is expected to conduct a comprehensive review of the tax compliance of various business entities such as cross-border e-commerce and online service platforms, further addressing loopholes in tax collection and administration within the online trading sector, and ensuring the UK fiscal and tax system fully collects all due revenues.