Fan Bingbing (范冰冰) and her production studio are now being investigated for tax evasion after an anonymous tipper revealed online that her studio has been signing “yin yang” contracts.
A “yin yang” contract is when a party signs multiple contracts for the same job, which is commonly used to avoid paying tax.
On June 3, popular Chinese television host Cui Yongyuan (崔永元) shared screenshots of an artist’s employment contract on social media, revealing that Fan Bingbing was receiving up to 60 million yuan in a four-day movie shoot per one contract, and another 50 million yuan in another.
China’s Legal Daily also reported that Fan Bingbing’s production company is based in Wuxi, and that the company is already being investigated by the Wuxi Taxation Bureau.
Fan Bingbing’s production studio has released a statement accusing Cui of libel. Cui replied by saying that he does not have the duty of protecting secrets in the contract.
The State Administration of Taxation has already opened up a new case of investigating tax evasion in high-earning entertainers.
This article is written by Addy for JayneStars.com.