China Fines Social Media Influencer Xu Guohao, who livestreams on Momo, $16 Mn For Tax Evasion | Tech News

China Fines Social Media Influencer Xu Guohao, who livestreams on Momo, $16 Mn For Tax Evasion

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.

By:BLOOMBERG
| Updated on: Jun 17 2022, 23:37 IST
 China fined a social media influencer $16 million for tax evasion. (Representative Image)
 China fined a social media influencer $16 million for tax evasion. (Representative Image) (Pixabay)

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.

China has ramped up enforcement of tax laws in the livestreaming sector for the past year to support president Xi Jinping's common prosperity campaign. Streaming platforms are required to collect income taxes and deliver reports including the personal information of social media personalities to local authorities every six months, according to guidelines issued in March. 

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
23% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

One of the country's most popular livestreamers -- Huang Wei, known as Viya online -- was fined $210 million in December last year. She has since disappeared from public view. Li Jiaqi, another top salesman in the once booming industry, also abruptly disappeared from the internet. There was speculation he offended censors by showing a cake shaped like a tank shortly before the anniversary of the Tiananmen Square massacre in 1989.

Also read
Looking for a smartphone? To check mobile finder click here.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 17 Jun, 23:36 IST
NEXT ARTICLE BEGINS