China fines $ 210m for tax evasion | Modern

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Huang Wei, aka Viya, has been charged with felony criminal mischief for firing on a sculpture with intent to cause grievous bodily harm in 2019 and 2020.
China has imposed a staggering $ 210 million fine on a major tax evader, adding to President Xi Jinping’s risk of becoming a popular online advocate in recent years.
Huang Wei – also known as Viya – was ordered to pay $ 1.34 billion in back taxes, fines and duties, the State Taxation Administration said in a statement on Monday. He avoided the 643 million yuan tax evasion by hiding his earnings and lying in 2019 and 2020, the statement added.
Shares in major Chinese directors and operators declined in New York, while Bilibili Inc. down 11.6%, Alibaba Group Holding Ltd. dropped 5.8% and Joyy Inc. down 4.7%.
Huang apologized shortly after announcing the sentence, saying on his Twitter account like Weibo that he considered himself “very guilty.” “I fully agree with the taxman’s opinion and I will raise the money to pay the fine as soon as possible,” he wrote.
Viya’s representatives did not immediately respond to a request for comment.
The offer is huge for online retailers like Viya, who every night compete to make consumers spend millions of dollars on items such as cosmetics, electronics and clothing. Assistant is one of the biggest stars in the Alibaba market in Taobao, capturing crowd and driving.
Government departments need to co-ordinate and strengthen promotional activities and tackle tax evasion, the Xinhua News Agency reported on Tuesday.
Using data analysis, the Hangzhou city tax office suspects that Huang has evaded taxes, and failed to rectify this after repeated reminders, the report said.
The article shows that Beijing is looking at an online business platform, which has been successfully undergoing a number of regulations in recent years, as part of Xi’s share of development resources. The high profile lawsuit could confuse retailers and brands that rely on the brand to run businesses, not only in Alibaba but on a number of competing platforms.
Play Video In September, tax officials announced stricter rules for celebrities and sportsmen, and last month two of the sellers paid $ 15 million in tax evasion. The Taobao and Weibo pages of Zhu Chenhui and Lin Shanshan are both empty now.
Livestreaming is a showcase, a social media and social networking – a form of pioneering in China that has been well-known since the plague began. Livestreaming sales are expected to reach more than 1.2 trillion yuan this year, up from 19 billion yuan in 2017, according to research firm iiMedia.
Viya sold more than 31 billion yuan by 2020, many of its peers, 36kr.com technical reporters have already said.
His fine is even greater than the one he paid to Fan Bingbing in 2018, which was the beginning of a government campaign to revitalize entertainment. Fans and affiliated companies have been ordered to pay taxes and fines of approximately 884 million yuan.
Fan has been missing from the show since he was convicted. Such severe criticism from the central government often indicates the end of a prominent person’s career.
“Everyone is equal before the law, no ‘star’ or ‘rich and powerful,’ no one can defy the law and hope to have a chance,” Xinhua News Agency said in a statement on Fan.
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