So the tax prosecution of C-actress Fan Bing Bing may have been the hammer coming down hard with repaying of owed taxes and then double that amount in penalties and fines, but her case is just the tip of the iceberg. Chinese tax authorities reportedly have started investigating other top stars with the barometer that anyone paid over US $2 million per project (or over 10 million yuan). That list is over 200 top stars deep and includes many high profile names including Taiwan stars with red hot careers in China such as Eddie Peng, Mark Chao, Wallace Huo and Ethan Ruan, and also other top C-actresses Zhao Wei, Angelababy, Zhao Li Ying, and Dilraba Dilmurat. The investigation also targets stars who have opened production companies registered in Wuxi or Xinjiang which reportedly offered lax tax oversight and benefits, and in addition to those mentioned above that would include Nicky Wu, Huang Xiaoming, Li Yi Feng, Zhou Xun, and many more. Yikes.
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Fan BingBing was about setting an example so now everyone will be standing in line to pay up.
I know China's big, but 200 top stars? @_@
If you earn money, you pay tax. I don’t think there is anything wrong, especially with the extortionate money these actors/actresses are getting. China has enough stars, they don’t need to keep using these expensive ones. Yanxi palace succeeded without any of them.
I also agree that FBB should go to prison. Before her, Liu Xiaoqing was sent to prison for tax evasion so why should she be let off.
The fine on Fan Bing Bing is nothing. and I think the gov't just setting sample finding little bit, but ultimatly won't really hurt these stars deep pocket much in the big picture
I’m surprised Yang Mi isn’t on the list
Her name is there LOL just like most high profile stars. Koala doesn't need to list everyone
Yang Mi has worked with Ethan (his first project in years), Mark and Reba and she owns her own production company’s so o wonder how she’s not on that list.
She is in the list and often is called out as she is one of high profile ones but Koala doesn't need to list everyone down.
I read somewhere that FBB's net worth is valued at $1B usd. That's just crazy. Why did she go hiding when she could have just paid it off.
That’s false info. According to Forbes, she’s the richest celeb at 300 million. I'm surprise that Zhao Yi Ling is at the top 5 and she’s not even active for that long. The girl is quite lucky. When you have the right face and luck, money comes huh. There’s plenty of prettier actresses that can’t make it.
https://www.google.com/amp/s/www.forbes.com/sites/russellflannery/2017/09/22/2017-forbes-china-celebrity-list-full-list/amp/
I think the original post means FBB’s total net worth which I also read is around $1.1 billion USD. This is different to yearly Forbes richest list that only takes into account yearly earnings. We don’t know the real amount she has because she probably has lots of investments such as housing, estates, shares and more. Reports say she doesn’t have the cash flow to pay the fine so she will have to sell her investments to generate it.
Glad she is alive and fine. Hopefully she can get an interest free payment arrangement paying the fine off over say 10 years. However if it was me I’ll rather go to prison and do time. I hope she’s sacked her financial advisors for misleading her. I write this because I have actor friends who don’t even know anything about their financial obligations and leave everything up to their tax advisors so it happens out of naivety and carelessness when they get done for tax avoidance fines.
Why would she not be alive??? Have you been reading scaremongering stories? Interest free payment? No, she has the wealth to pay her fines it’s just not available immediately. The only reason I believe she wanted the investigation quickly finished is because her 18 year old brother needs to work in the entertainment industry. According to reports her manager is still in custody and is in bigger trouble then her. He was caught shredding important documents.
Just assume I’ve been living under a rock. Well she went off the radar for a month or so and there was no news of what had happened just mere speculation. Her Shark movie ‘The Meg’ hit and she attended the premiere back in early August then all of the sudden news broke she had gone quiet as in no social media posts no sightings so rightfully so I was concerned hence I am genuinely happy she is alive. I’m being sarcastic about the whole interest free pay arrangement; she might not have the cash up front and will need to liquidate her assets to repay her fine. Who knows. It’s quite sad and embarrassing really.
The Meg? Did you confuse Fan Bingbing and Li Bingbing?
@News - OMG ? thank you for pointing out the difference to this dumb westerner here for getting the two Bing Bings mixed up. I’m so sorry everyone my big bad. Durrgh on my part. I need to apologise to my Chinese mates for bugging them about ‘FBB’ from ‘The Meg’ oh hello it’s LBB! I’ll pay more attention to the name next time.
LOL, you’re not the only westerner confused with Chinese actresses. Sky news in the U.K. put another C-actress photo in their headlines!!! Apparently, Chinese actresses look all the same.