Fan Bingbing Fined 883 Million Yuan For Tax Evasion
After going missing for several months, Chinese actress Fan Bingbing (范冰冰) has finally reappeared on Wednesday. Reports on Fan Bingbing’s tax evasion turned out to be true, and the actress admitted to all accusations in a long apology letter she posted on Weibo Wednesday.
In June, former Chinese television host and producer Cui Yongyuan (崔永元) tipped authorities about Fan Bingbing’s habit of signing “yin yang contracts” as a way to evade paying tax. According to the Chinese media, Fan Bingbing reported only 10 million yuan in a 30 million yuan contract she had for the film Air Strike <大轟炸>. She recorded the remaining 20 million yuan in a separate contract, effectively paying 7.3 million yuan less in taxes. She also evaded 248 million yuan in additional taxes.
The Jiangsu Taxation Bureau reported that Fan Bingbing has been fined for 883 million yuan (approximately US$129 million) for overdue taxes and other offenses. As a first time offender, Fan Bingbing will not be faced with criminal prosecutions if the fines are paid on time. The deadline of the due date has not been disclosed.
This article is written by Addy for JayneStars.com.