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China Top Internet Celebrity Huang Wei Fined $210 Million for Tax Evasion
24th December 2021 | Hong Kong
China top internet celebrity Huang Wei, popularly known as Viya, has been fined $210 million for tax evasion by China Zhejiang Provincial Tax Service. Between 2019 to 2020, Huang Wei had filed her livestream sales commission instead as revenue from business partnership, concealed and failed to report income from other businesses. In total, Huang Wei had avoided paying $100 million of tax and underpaid $9.4 million of tax. In China, the penalty rate for tax evasion is 60% to 400% of the tax amount. Huang Wei social media accounts with over 110 million followers had also been shut down.
“ China Top Internet Celebrity Huang Wei Fined $210 Million for Tax Evasion “
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2021 Data Release
2020 List of Private Banks in Hong Kong2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office2020 Top 10 Largest Multi-Family Offices2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM
Huang Wei – $1.3 Billion of Sales in a Day
Huang Wei (Viya) is one of China’s top internet celebrity and also known as the “Queen of Livestreaming”, do livestreams on Taobao Live to sell various products. In 2021, she sold over $1.3 billion of inventory on Singles’ Day on the 11th of November 2021.
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Caproasia.com | The leading financial website for investment managers, professional investors, UHNW & HNW investors and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?
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