Wu Xi owns two screw shops on e-commerce platform Tmall. Launched in 2017, they currently employ 25 people and bring in about 2 million yuan (US$308,937) every month, which by law requires him to pay taxes on each transaction.Wu says he has never thought about tax evasion but admits that he has failed to report some transaction for tax purposes because in many cases individual buyers did not request fapiao, China’s official invoices.Wu is among millions of online merchants in China that have….


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South China Morning Post

Checkout this section for curated News, Articles & Videos published worldwide by South China Morning Post, a Hong Kong English-language newspaper.

Checkout this section for curated News, Articles & Videos published worldwide by South China Morning Post, a Hong Kong English-language newspaper.

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