News Snapshot:
BEIJING (BLOOMBERG) - China fined a social media influencer 108 million yuan (S$22 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 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...
