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man arrested for tossing money from the sky!

one of hong kong’s poorest neighbourhoods was witness to a scene straight out of a movie on saturday afternoon, as a hail of banknotes fluttered in the air, sending a crowd of bystanders into a frenzy.

man arrested for tossing money from the sky!

“don’t know whether any of you will believe money can fall from the sky.”

a police spokeswoman said the force had received reports of someone distributing money at fuk wa street, sham shui po, and officers were deployed to the scene.

a post reporter spotted some hk$100 (us$13) banknotes near the golden computer arcade and officers told people not to pick them up.

a video emerged on facebook showing a man dressed in a black hoodie who appeared to be making an announcement:

“today, december 15, is fcc’s big day in announcing the trading race. i hope everyone here will pay attention to this important event …[i] don’t know whether any of you will believe money can fall from the sky.”

after the man finished his speech, the camera panned to the right, showing banknotes being thrown from the rooftop of a building.

who is that man?

the man is believed to be the owner of the epoch cryptocurrency, a facebook page that promotes cryptocurrency. he is widely known online as “coin young master” and his real name is wong ching-kit.

in a facebook video posted shortly after the stunt, wong claimed he was “robbing the rich to help the poor”.

when asked why he did it, wong paused to think, and said: “don’t blame it on me, i also don’t know why money could fall from the sky.”

he also asked people watching the video where in the city they would like to see the “strange phenomenon”.

the young man has given media interviews under various monikers, promoting investment products, including a hk$27,500 computer he claimed could be used for cryptocurrency mining.

company search reports showed wong owns a company called coin’s group. the firm was initially called oscar holding group in 2017 but the name was changed on july 3 this year.

arrested for breach the public order ordinance by causing disorder in a public place.

barrister albert luk wai-hung, felt “coin young master” had breached the public order ordinance by causing disorder in a public place.

“how did he do his promotion? he wanted to create chaos to do it,” he said.

the maximum penalty for such an offence is a hk$5,000 fine and 12 months in prison, he added.

passers-by would break the law if they picked up lost money and did not report it to the police.

luk said that usually when passers-by pick up lost money and do not report it to the police, they would be breaking the law.

but in this case, as “coin young master” had intended to give out the money, luk said, those who collected the banknotes did not have dishonest intentions.

to avoid a misunderstanding with the law, luk suggested people should just ignore the banknotes or hand them in to police.

he said the scenes appeared to be dangerous as the area was a busy place at weekends, and he did not agree with such attention-seeking actions.

man live streams

when he was arrested

the man was arrested on sunday in connection with an incident a day earlier in which at least hk$6,000 (us$769) in banknotes was tossed from the top of a building in the city’s poorest district.

police detained the suspect in sham shui po at 4pm as he stepped out of a luxury car in preparation for another stunt.

wong announced on saturday that he would be handing out meal coupons outside a restaurant in sham shui po at 4pm on sunday, but was detained before doing so.

he was taken to a police station in sham shui po, according to the facebook live video. “i was arrested by the criminal investigation division,” wong says to the camera with a smile.

foreigners living in china for 10 days vs. 10 years

recently, there is a series of videos about foreigners who have been in china for 10 days vs. 10 years and thought i’d share here! it may not be 100% accurate, but i still think it makes some good points. 🙂

have a look at the screenshots or watch the full video below and see if you feel the same!

chinese shows are shit.

client: relax! let’s eat dinner and then go to ktv!

foreigners living in china for 10 days vs. 10 years

how did this 7-year-old boy become the highest paid youtuber?

forbes just released its highest-paid youtube stars of 2018 and topping that list is ryan, 7, who made an unbelievable $us22 million ($a30.5 million) last year by uploading youtube videos of him playing with toys, according to the publication.

how did this 7-year-old boy become the highest paid youtuber?

ryan’s parents launched his channel ryan toysreview in 2015 where they uploaded videos of their then three-year-old son reviewing toys. they have now amassed 17.4 million subscribers with his parents saying much of the channel’s success comes down to ryan’s personality.

“i am entertaining and i am funny,” ryan said giggling, when asked by why kids love watching his videos.

ryan has made $35 million playing and reviewing toys on his youtube channel.

how did this 7-year-old boy become the highest paid youtuber?

© image | youtube

ryan parents say his personality is key in the channel’s success.

how did this 7-year-old boy become the highest paid youtuber?

© image | youtube

last year he made $us11 million ($a15.2 million), according to forbes, but the jump in profits has much to do with pre-roll advertising and the fact he has more views than anyone else on forbes’ list — so as the views mount as do the automated ad dollars.

in total, he has clocked more than 25 billion views on his channel.

adding to his rising earnings is his latest mini-mogul move — a line of ryan’s world collectibles that sell across the us.

ryan’s mother loann features regularly in his videos.

how did this 7-year-old boy become the highest paid youtuber?

© image | youtube

… as does his dad sean. the youtube channel has more than 17.4 million followers and has clocked more than 20 billion views since its 1015 inception.

how did this 7-year-old boy become the highest paid youtuber?

© image | youtube

the rest of the money comes from sponsored posts. other youtube stars earn far more in sponsored posts, but ryan’s audience, which happens to be children, really doesn’t have a lot of disposable income.

ryan’s mother loann quit her job as a high school science teacher to work on the channel full-time, and it’s a move that’s paid off.

in an interview with tubefilter last year, ryan’s mother explained how the phenomenon started.

“ryan was watching a lot of toy review channels — some of his favourites are evantubehd and hulyan maya — because they used to make a lot of videos about thomas the tank engine, and ryan was super into thomas,” she said.

it all started when ryan was three years old.

how did this 7-year-old boy become the highest paid youtuber?

© image | supplied

“one day, he asked me, ‘how come i’m not on youtube when all the other kids are?’ so we just decided — yeah, we can do that. then, we took him to the store to get his very first toy — i think it was a lego train set — and it all started from there.”

the boy, whose surname his parents won’t reveal, may be just a kid, but he knows exactly what he wants to be when he grows up — a game developer.

your residence permit in china affected by this form?!

two weeks ago, we published an article about

we have received many questions by our readers.

“will it affect my stay in china?”

“how to avoid paying taxes? “

“how do i pay the tax?”

#today, we collected some common questions to answer below.

you may have received this message your residence permit in china affected by this form?! , an notification about bank asking the account holders to go to banks to report which countries’ taxpayers they belong to before 31 december, which is for information exchange among countries from crs.

what should you do?

go to any sub-branches with your passport and fill the form.

there are 3 options

on the top of the form.

the first option, prc tax resident, refers to individuals who domicile in the prc, and travel outside of china for a single trip less than 30 days or combined trips less than 90 days during the resident of china in 2018. in addition, individuals are not asked for the tax information in other countries (normally refer to their own countries) are regarded as prc tax resident.

the second option, prc non-tax resident, refers to individuals who do not domicile in prc, and travel outside of china for a single trip over 30 days or combined trips over 90 days during the resident of china in 2018.

the third option, tax resident in prc as well as other countries, refers to individuals who meet the conditions of first option and are also paying tax in other countries or these countries require to pay tax.

what is domicile?

if foreigners reside in china due to study, working, visiting, travelling and won’t come back to china after finishing these purposes, then they don’t domicile in china. even they own houses in china, if they don’t work in china and come back to their own countries, they don’t domicile in china.

please choose it based on your actual situation.

will your visa be effected

if you ignore this message?

this message states that if you don’t fill the form on time, the bank will consider you as non-tax resident automatically. we still suggest you that you should fill the form and submit to the bank in time, otherwise the bank may close the account or recognize your information mistakenly, which may lead to adverse credit record due to tax deferral.

your residence permit in china affected by this form?!

visa related departments haven’t required for information about personal tax yet. there is no influence for now, but we are not sure in the future.

tax resident in prc

generally, prc tax resident has to declare tax to tax bureau every year. but many taxpayers failed to do so in the past. in terms of when china tax bureaus will inspect, close personal accounts compulsively and ask for tax payment, we can’t give an exact answer or forecast how policy will work in the future.

tax resident in prc

as well as other countries

you will need to pay the tax in china and meanwhile, china will exchange your assert information to another country you filled. whether there is double taxation by another country or not, it depends on if there is tax convention between two countries or not.

how to pay the personal tax if you need to declare all the income from your personal account?

first you need to state the source and expenditure of each income. after calculating the total personal income amount, using the calculation method of personal tax rate.

for example

after deducting social security and other items, if your annual income is 1,000,000 yuan, the tax rate is 45% and the quick deduction is 180,000 yuan, your personal tax should be 1,000,000*45% – 180,000=270,000

which situation is considered

as prc tax resident?

travelling outside of china for a single trip less than 30 days or combined trips less than 90 days during the resident, or living in china no less than 183 days?

according to present tax laws and the bank asks for declaration of 2018, it is the situation of travelling outside of china for a single trip less than 30 days or combined trips less than 90 days during the resident.

however, new personal tax laws will be put into effect in 2019, and in this condition, prc tax resident will be regarded as those who live in china no less than 183 days. therefore, from january 1, 2019, the standard time of resident will be 183 days.

“i am not in china now. can i ask someone to do that for me?”

we are afraid not because you need to confirm the information and sign there. you can manage it in bank which you opened bank account before as well as any other sub-branches.