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China launches strict crackdown on celebrity tax evasion

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The government campaign coincides with the start of the promotion of “common prosperity” to reduce the economic inequality of President Xi Jinping.

Actress Fan Bingbing’s career has been on the ice since the 2018 tax evasion scandal. (Reuters Archive)

Chinese tax authorities have set a 10-day deadline for entertainers and social media influencers to pay late taxes as part of a government campaign to strengthen territory against tax evasion and celebrity excesses.

According to the government, the tax authorities of several entertainment hubs across the country, including Beijing, Shanghai, Guangdong, Zhejiang and Jiangsu, have faced severe penalties for celebrities who underreport their earnings unless they resubmit by the end of the year. A notice issued on Wednesday warning that it may be.

“If self-inspection and self-correction are still rejected or not thorough, the tax department will take it seriously,” a statement from the Guangdong Tax Office said.

The order ordered China’s “queen of livestreaming” Huang Wei to pay a record $ 200 million fine for tax evasion on Monday, with more than 110 million followers a day later. It takes place after her social media account is closed.

Chinese actress Zheng Shuang was also fined $ 46 million for tax evasion in August.

read more: Chinese actress Fan Bingbing has been released from detention and fined $ 130 million

“Zero acceptance”

Actress Fan Bingbing’s career has been on the ice since the 2018 tax evasion scandal.

Bing was one of the most paid actresses in China before she fell and appeared in the X-Men and Iron Man film series.

The National Widespread Film Bureau has stated that it has “zero tolerance” for tax evasion and the “ultra-high salary” of entertainers.

The tightening coincides with the start of President Xi Jinping’s “common prosperity” to reduce economic inequality by curbing excessive income in the areas of entertainment and technology.

read more: China’s ruling party launches plenary session expected to boost Xi’s power

Source: AFP

https://www.trtworld.com/asia/china-launches-severe-crackdown-on-celebrity-tax-evasion-52916?utm_source=other&utm_medium=rss China launches strict crackdown on celebrity tax evasion

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