Flurry of Activity as C-stars Can Correct Taxes by 2018 Year End and Not be Penalized
The case of top C-actress Fan Bing Bing getting smacked down by the tax hammer neatly fits the Chinese saying about the nail that sticks out the most. For many years running she’s been the top earning Chinese celebrity (by far) so when the Chinese authorities finally decided to crack down on tax fraud of course they were going to start with her. But there’s plenty of other big fish in the pond and reportedly everyone is scrambling right now to avoid the type of high profile negative press that’s sunk Fan Bing Bing. The Chinese tax authorities have announced a “self-report, self-pay” directive that all entertainment stars are to look at their tax filings and if there are any incorrect reporting and associated tax payments, to self-correct and pay the government. This must be done by year end and if so then all will be forgive, i.e. just pay the owed taxes and the government won’t levy an additional penalty. All the top celebs earn money from their own production companies and CF contracts in addition to their day job salary getting paid for acting in dramas and movies so there is a lot to sort through and fix. Time to get some good accountants line up peeps.
Looks like Fan Bing Bing was used as an example to other celebs. She was probably smacked down in literal ways too…really scary stuff and I hope she is ok physically. Looks like the head of Interpol was detained as a warning sign to powerful and/or influential wealthy non-celebs.
Damn Luhan is ranked #2 as the most earning celeb even beating other older celebs. I knew he and Kris is really popular but I had’nt imagined of this level.
Luhan works really hard so it is not surprising to me he has earned lots. But mind you, this is the “reported” earnings. A lot of other older celebs may have hidden earnings that’s never reported. Do you really think FBB only earned what’s been reported here? If so, she wouldn’t be penalized, would she?
It really surprised me too! Luhan ranked 2nd on celeb income list. To earn so much n evade tax is certainly a double whammy! Serve them right!