China’s Highest Paid Celebrity Probed for Tax Evasion
Move over, Wesley Snipes.
Fan Bingbing, a Chinese equivalent of Angelina Jolie, has landed in hot water with China’s tax collectors over allegations of using business contracts to evade taxes.
The tax authority in the city of Wuxi, in East China’s Jiangsu province, is looking into Fan’s company for potential tax violations, according to the state-run Legal Daily newspaper, citing a tax official. It did not provide any further details.
Her studio, a combination of a production company and casting agency, is based in Wuxi.
China’s State Administration of Taxation (SAT) confirmed on Sunday it has ordered its Jiangsu branches to look into accusations that a certain unnamed film and TV worker had violated the tax codes using “yin and yang contracts.” That report also did not provide specifics.
The probe comes as China’s tax collectors tighten their scrutiny of high-income groups and celebrities for potential tax evasion. Such behavior is relatively common in China, where mistrust of the government runs deep and such taxes didn’t even exist until the advent of market reforms over the last three decades.
Fan, a star of film and television, is a household name in China. She burst onto the global stage in 2014 when she played the “Blink” character alongside Hugh Jackman as the first-ever Asian mutant in the ‘X-men’ film series.
Fan was also last week accused by Cui Yongyuan, a former popular talk show host, of making 60 million yuan ($9.3 million) in four days of shooting, including 50 million yuan via a hidden contract. Cui did not reveal the name of the production and when Fan got involved.
Cui Yongyuan speaks at the 12th Young Film Exhibition in Beijing on May 4. Photo: IC
Fan, via her studio, dismissed Cui’s allegations, and said his posts are a breach of business confidentiality and infringed upon her legal rights.
Fan has topped the Forbes China Celebrity 100 list for five years in a row and made 300 million yuan from July 2016 to June 2017, according to Forbes.
If she is found guilty of a crime, she would join U.S. movie star Wesley Snipes, who in 2008 was convicted of failing to file tax returns and sentenced to three years in prison.
Tax evasion is punishable by up to seven years in prison under Chinese law. However, first offenders are usually simply fined, and only those who fail to pay more than three times typically face a criminal investigation, according to Ding Jinkun, a Shanghai-based lawyer.
Veteran film and TV superstar Liu Xiaoqing was detained in 2002 and locked up for more than a year for allegedly failing to pay 14 million yuan in taxes. Prosecutors ultimately decided not to charge her as she was found to have unintentionally committed the tax evasion.
Contact reporter Li Rongde (email@example.com)
Aug 07 16:15
Aug 07 15:42
Aug 07 04:24
Aug 06 19:23
Aug 06 19:01
Aug 06 17:30
Aug 06 16:01
Aug 06 14:18
Aug 05 18:04
Aug 05 17:20
Aug 05 17:03
Aug 05 16:47
Aug 05 15:15
Aug 05 13:25
Aug 04 17:56
- 1Exclusive: Ant Group Aims to Raise $30 Billion in Record-Shattering IPO
- 2Chinese Researchers Find Mutation That Could Make Covid-19 10 Times More Infectious
- 3TikTok Shifts Global Operations Base to Europe
- 4China Dodges Corporate Bond Default Bullet but Outlook Is Darkening
- 5China Plans to Give Foreign Investors More Market Access
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas