What’s new: China’s top livestreamer Huang Wei, nicknamed “Weiya” online, has been fined a record 1.34 billion yuan ($210 million) for income tax evasion, following the first pair of such penalties last month in the flourishing but underregulated industry.
The tax authorities in the eastern city of Hangzhou found Huang Wei evaded $110 million of personal taxes through underreporting and illegally classing personal income as business income, according to the official Xinhua News Agency. The record amount includes personal taxes Huang evaded, and administrative and overdue fines.
