China fines social media influencer Xu Guahao who Livestreams on Momo, $16Mn for tax evasion.

China fines social media influencer Xu Guahao who Livestreams on Momo, $16Mn for tax evasion.

China fines social media influencer $16Mn for tax evasion, the latest punishment meted out to one of the country's top personalities amid a nationwide crackdown.


By BLOOMBERG | Updated on June 17, 2022, 11:37PM IST



China fines social media influencer $16Mn for tax evasion, the latest punishment meted out to one of the country's top personalities amid a nationwide crackdown. Xu Guahao who Livestreams on Momo, was ordered to pay 108million yuan ($16million) in back taxes for evasion from 2019 to 2020, according to a statement from State Taxation Administration. It plans to further strengthen tax supervision of people in the live streaming industry, the statement said.



China has ramped up enforcement of tax laws in the live streaming 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 the guidelines issued in March. 



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