China tech crackdown: Hangzhou fines top influencer Viya a record US$210 million for tax evasion

//China tech crackdown: Hangzhou fines top influencer Viya a record US$210 million for tax evasion

China tech crackdown: Hangzhou fines top influencer Viya a record US$210 million for tax evasion

The tax bureau of China’s e-commerce hub Hangzhou has fined leading e-commerce influencer Viya a record 1.34 billion yuan (US$210 million) for tax evasion, in a move bound to send shock waves across the country’s live-streaming industry.Huang Wei, known as Viya online, avoided more than 700 million yuan in total taxes from 2019 to 2020 through a slew of tax evasion methods, including hiding commission fees, declaring personal wages as corporate income, and omitting reports of taxable income,…

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By | 2021-12-20T10:41:09+00:00 December 20th, 2021|Headlines|Comments Off on China tech crackdown: Hangzhou fines top influencer Viya a record US$210 million for tax evasion