Revamp Needed to Curb Tax Evasion by China's Live-Streamers

China’s recent record fine imposed on a top celebrity live-streamer signals that the authorities are tightening taxation on high-income individuals. But tax experts say a formal tax system revamp is needed to close a loophole that enables tax evasion in the booming but underregulated sector, to clarify what is personal income and what is business income, Caixin reported.

Huang Wei, one of the highest-earning live-streamers, known online as “Weiya” of ‘Viya’, was ordered to pay 1.34 billion yuan ($210 million) in back taxes, late fees, and fines after tax authorities in the easter city of Huanzhou found she avoided taxes totalling 643 million yuan in 2019 and 2020.

Read the full report: Caixin.

‘Live-Streaming Queen’ Viya Fined $210m for Tax Evasion – China Daily

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.