China slapped an unprecedented $210 million fine on a top live streamer for tax evasion, stepping up President Xi Jinping’s crackdown on online influencers who have grown wildly popular in recent years.
China slapped an unprecedented $210 million fine on a top live streamer for tax evasion, stepping up President Xi Jinping’s crackdown on online influencers who have grown wildly popular in recent years.
Huang Wei — also known as Viya — was ordered to pay 1.34 billion yuan in back taxes, late fees, and fines, the State Taxation Administration said Monday in a statement on its website.
She avoided taxes totaling 643 million yuan by concealing personal income and making false declarations in 2019 and 2020, the statement added sokodirectory.com/2021/12/china-…#SokoNews
Huang issued an apology just after the punishment was announced, saying on her Twitter-like Weibo account that she felt “deeply guilty.” “I totally accept the decision of the tax regulator and will actively collect funds to pay the fines within the deadline,” she wrote.
This story first appeared on Bloomberg.
Viya’s representatives did not immediately respond to a request for comment.
The fine is the biggest yet for online salespeople like Viya, who each night compete to convince shoppers to spend millions of dollars on items such as cosmetics, appliances, and clothing.
The influencer is one of the biggest stars on Alibaba Group Holding Ltd.’s Taobao marketplace, drawing traffic and driving consumption. I believe anyone associated with @JackMa is being hunted down by the Chinese Government. Interesting days ahead.
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Sudden wealth is not a blessing if you announce it before you understand it. Money changes how people see you, test you, use you and approach you. The first rule of becoming rich is silence. Protect the bag before the world starts planning how to spend it. Move wisely.
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Don’t tell everyone you have become rich, not even family. Not because you hate them, but because money creates expectations, pressure, entitlement and emotional blackmail. Move quietly until your plans, protection and discipline are stronger than excitement. Guard it.
Before you dream of luxury, clear your debts. Pay friends, banks, mobile loans and everyone who carried you when life was hard. Debt is a silent chain around wealth. The richest feeling is not spending big; it is owning your money without creditors hunting you daily. First..
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A man with land, food, water, animals and a simple roof over his head is richer than a man earning a salary that disappears before the month reaches the middle. The future belongs to those who can feed themselves without begging the system.
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BREAKING NEWS : Kenya’s Court of Appeal has struck down Sections 22 & 23 of the Computer Misuse and Cybercrimes Act — the infamous “false information” clauses.
This is a landmark victory for free speech, journalists, bloggers, and every Kenyan who speaks online.
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For years, these provisions were used as a weapon.
Journalists. Bloggers. Activists. Ordinary citizens.
Anyone who spoke truth to power risked arrest under the vague charge of “false information.”
Today, the Court of Appeal has said: Enough.
The judges ruled that Sections 22 & 23 failed the constitutional test of clarity.
In simple terms:
A law that can mean anything can be used against anyone.
That is not justice. That is intimidation.
I reached out to a friend of mine from childhood. We been good friends. I needed his help to sort an emergency financial matter. He picked up. He asked me if we can meet & I said yes, in fact I was hoping for the same. Let me tell you Maina, do not do BIZ with GOK
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We met and my friend wasn’t himself. I thought I was in trouble but it turned out he was in more serious trouble. My friend is regarded as a serious millionaire. He is in logistics, farming and real estate. He has three wives & they know each other. So I asked my boy, whats up?
We order coffee ☕️ & I see my friend removing some bottle from his jacket pocket & pouring some hard liquor into the coffee cup. Am like;
With all things remaining constant, the controversial Finance Bill 2023 will sail through the National Assembly. During the First Reading, the opposition threw punches, water bottles, and screamed, but it seems it will still sail through wapende wasipende. twitter.com/i/web/status/1…
As the Bill continues to near its passing (which is now obvious), President William Ruto seems to have climbed down like Zakayo from a tree and agreed to move the controversial Housing Fund from the initial 3 percent to 1.5 percent; sokodirectory.com/2023/06/we-sha…twitter.com/i/web/status/1…