Macau has been cracking down on corruption since they originally found high instances of organized crime working on the island. The Macau casino industry is a multi-billion dollar cash cow for the island, but organized crime had overrun the city. Officials on the island wanted to get rid of the presence of organized crime, but they have turned their attention to other parts of the casino industry. The casino industry has many sketchy connections, and one of those connections could be AliPay. This article explains how AliPay is being investigated by the Macau casino authorities.
How Will The Government Intervene?
The government of Macau will intervene with new security procedures that it chooses for the casino industry. AliPay could be forced to abide by new rules, and the new rules for the company could include processes that were never used before. The company may be put through a strict process that is needed to help ensure taxes are paid, and the company could be under investigation or probation for some time.
Are Consumers At Risk?
Consumers are not at risk because of this new concern, but consumers are definitely under fire for not paying their taxes. Anyone who has been avoiding taxes in the past will be forced to pay taxes on their cash winnings, and many consumers may choose to avoid the island. The government must do something to avoid a loss of tax revenue, and this is the next best step in their journey.
Taking back the island of Macau from tax fraud is a slow drag for the government of Macau. The government is looking into every business that manages money, and consumers will be forced to pay taxes whether they want to or not. The end result is a safer environment for everyone.