Caixin
Caixin Global – Latest China News & Headlines

Home >

By Han Wei / Feb 14, 2019 01:14 AM / Finance

Photo: VCG

Photo: VCG

A city government’s release of data on last year’s tax collection shed light on tax payments by some of China’s most popular film and TV celebrities.

The Dongyang city government in Zhejiang province named top taxpayers for last year, led by film companies and studios owned by individual TV and film stars.

Home to Hengdian World Studios, which claims to be the world's largest outdoor movie and television lot, Dongyang is one of China’s major film production hubs. The city’s tax collections drew attention after authorities launched a crackdown on tax payment loopholes that allow some of the country’s highest-paid movie stars to minimize tax payments.

Three individual studios owned by A-list celebrities topped tax payments in Dongyang last year. The studio of singer Lay Zhang paid 19 million yuan ($2.8 million) in taxes, followed by the studios owned by actresses Yang Mi and Jing Tian. Huayi Brothers Media Corp., one of China’s biggest film companies, was also among the largest taxpayers in Dongyang.

Regulators have tightened scrutiny of celebrities’ tax payments after a famous TV host criticized actress Fan Bingbing’s finances and ignited a public outcry. Tax regulators ordered celebrities and entertainment companies to “self-inspect” their tax payments and pay up arrearages. The crackdown sent a shock wave through show business as a number of productions have been put on hold and much-needed capital to keep them running has run dry for the time being.

Related: Tax Crackdown Sends Chill Through Movie Biz

Support independent journalism from China. Subscribe to Caixin Global starting at $0.99.

 

Share this article
Open WeChat and scan the QR code