Jamie Petrone, 42, on Monday pleaded guilty to one count of wire fraud and one count of filing a false tax return, crimes related to the theft of thousands of electronic devices from her former employer. Continue readingĪ now-former finance director stole tablet computers and other equipment worth $40 million from the Yale University School of Medicine, and resold them for a profit.
While the law bans live streamers from selling products via rumor-mongering, self-rewarding or false publicity – such as self-tipping to promote hype and garner real tips – it more pointedly prohibits tax evasion, It's a signal that Beijing is eager to catch the tax revenues associated with variable part-time self-employment. The audience for live-streaming in the Middle Kingdom topped 700 million people last year, according to Statista. The three regulatory bodies – the Cyberspace Administration of China (CAC), the State Taxation Administration (STA) and the State Administration for Market Regulation (SAMR) – issued a notice on "regulating the profit-making behavior of online live broadcasting" that details the changes and requirements to the $30 billion industry. China's massive live-streaming industry is the next target of Beijing's tech regulation blitz, with three government agencies announcing a requirement for operators to register in an attempt to eliminate tax evasion.
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