China orders actress Fan Bingbing to pay massive tax fine

Chinese actress Fan Bingbing has disappeared from public viewMore

Chinese actress Fan Bingbing has disappeared from public viewMore

Fan Bingbing has not been seen in public since July, following claims of tax evasion.

According to The New York Times, authorities fined Bingbing approximately $70 million in unpaid taxes and penalties.

Chinese tax authorities have been investigating the industry - including Fan - for possible evasion. If Fan Bingbing pays the $107 million in full, she'll reportedly avoid criminal prosecution as it's her first offense.

She instead paid taxes on a contract for only 10 million yuan (€1.24 million), Xinhua said.

After June, when she posted her visit to a children's hospital on social media, she vanished from sight, to the dismay of her fans.

The announcement gave no indication of Fan's whereabouts but indicated her agent is being held by police for allegedly obstructing the investigation.

"Without the party and the state's good policies, without the love from the people, there would have been no Fan Bingbing", she wrote. I adopted the practice of having separate contracts to evade taxes on the film Air Strike and some other projects.

"I am unworthy of the trust of the society and let down the fans who love me", she wrote in her first update of her microblog since June 2.

Fan, whose disappearance has caught global attention, was released from "residential surveillance at a designated location" - a form of secret detention - about two weeks ago as the tax authorities completed their investigation, sources with knowledge of her case told the South China Morning Post.

Fan's troubles began when Cui Yongyuan, a former presenter for state-run China Central Television (CCTV), posted purported contracts online in May that suggested the actress had received under-the-table payments. She also praised her country and its government.

The State Administration of Taxation (SAT) said companies and individuals in the industry who voluntarily "rectify their behavior" and pay back taxes evaded prior to December 31 will be exempt from administrative punishment and fines, Xinhua said.

There was no immediate comment from Fan or a representative for the actor.

Earlier today, Chinese authorities put an end to much of that speculation, announcing that Fan had indeed taken advantage of "yin-yang contracts" and had been found guilty of tax fraud. She has since been relocated to Beijing. She has starred in movies both in and out of China, including "X-Men: Days of Future Past", and in ad campaigns for brands like De Beers.

Last year, Fan topped Forbes magazine's list of top-earning Chinese celebrities with income of 300 million yuan ($43 million).

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.