Wang Zibo: China’s ‘wealth-flaunting’ influencer fined 13.3 million yuan for tax evasion

A Chinese influencer was fined 13.3 million yuan ( US$ 1.8 million ) for tax evasion after previously being banned from his social media accounts for flaunting his lavish lifestyle and excessive wealth, according to Shanghai tax authorities in a statement released on Wednesday ( Dec. 18 ).

Wang Zibo, also known as” Bo Gongzi” or Master Bo, had underpaid his income including his personal income tax and value-added income totalling 7.49 million renminbi, the Shanghai Municipal Tax Service said. &nbsp,

This is part of China’s wider assault on tax evasion and money flashing.

The Shanghai-based influence was well-known for his passion of Hermes comfort goods, and he was a part of a flood of high-profile social media account suspensions in May that hit China’s super-wealthy sun influencers, many of whom became well-known website for displaying gorgeous designer bags, sports cars, and high-end jewelry.

On Douyin, the type of TikTok in China, Wang’s bill had been muted and restricted from gaining fresh fans, &nbsp, checks by CNA showed. &nbsp,

According to Chinese media reports, his accounts on different social media platforms, including the Sina Weibo blogging site and the Xiaohongshu app, were even deleted. &nbsp,

China takes a strong stand on tax avoidance and under the law, officials are entitled to recover tax volumes, unpaid or underpaid, with surcharges imposed. &nbsp,

Those who defraud, mask, or fail to pay their fees are subject to severe fines and criminal charges under the law. &nbsp,

Another Chinese A-listers have also been charged with income crimes.

In 2018, superstar Fan Bingbing, one of China’s highest paid stars, was blacklisted from the entertainment business and fined around 883 million yuan for tax avoidance and other crimes. &nbsp,