China Fines Social Media Influencer $16 Million For Tax Evasion
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China fined a social media influencer $16 million for tax evasion, the latest punishment meted out to one of the country’s top online personalities amid a nationwide crackdown.
Xu Guohao, who livestreams on Momo, was ordered to pay 108 million yuan ($16 million) in back taxes, late fees and fines for tax evasion from 2019 to 2020, according to a statement from State Taxation Administration. It plans to further strengthen tax supervision of people in the livestreaming industry, the statement said.