LINE

    Text:AAAPrint
    Economy

    Fan Bingbing's hefty fines underline China's tax evasion crackdown

    1
    2018-10-03 21:01:10Xinhua Editor : Wang Fan ECNS App Download

    Chinese legal experts have said the hefty fines issued to actress Fan Bingbing underline a resolve to fight tax evasion and healthily develop China's film and TV sector.

    China's tax authorities on Wednesday made public the results of an investigation into Fan's tax evasion case, one of the largest of its kind in years.

    Investigators found that Fan had evaded about 7.3 million yuan (1.07 million U.S. dollars) in personal income tax and business taxes during her work on the Chinese film "The Bombing."

    Fan and firms of which she is legal representative also have tax arrears amounting to 248 million yuan, of which 134 million yuan was evaded.

    The actress was ordered to pay taxes and fines worth more than 800 million yuan. And she will face criminal investigation if she fails to comply on time.

    Shi Zhengwen, a tax law specialist at China University of Political Science and Law, said contract fraud was an issue that has attracted strong public complaints in recent years.

    The punishment is severe but matches the illicit acts, Shi said, adding that potential tax evaders should be warned.

    "The case sends a strong warning to those who flout the tax law and is a good lesson on tax compliance to the public," said Zhang Bin, a researcher with National Academy of Economic Strategy under Chinese Academy of Social Sciences.

    He said public awareness on tax payment was key as China deepens reform to improve its taxation systems.

    People from the film and TV industry, meanwhile, said the case would promote the healthy development of the sector.

    Lin Yongjian, deputy head of China Television Artists Association, said literary and art circles supported the penalty.

    "Film stars make easy money. With the fame and wealth, they choose not to fulfill their tax obligations. It is not ok," he said.

    Lin said he believed the case would help promote fair and reasonable income distribution in the sector and correct wrongs in the industry.

    A sector-wide overhaul of exorbitant casting fees, contract fraud and tax evasion has been ongoing since late June.

    The State Taxation Administration said it would soon launch a new campaign to regulate tax payment in the film and TV industry.

    It said film and TV firms as well as relevant personnel that undergo self-examination and make remedial payments to taxation authorities before Dec. 31 will be exempt from administrative punishment and penalties.

    Zhong Chengxiang, head of China Literature and Art Critics Association, urged artists and entertainers to abide by laws and meet public expectations by raising their moral integrity and the artistic appeal of their work.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 大余县| 班玛县| 香格里拉县| 广元市| SHOW| 崇仁县| 惠安县| 丁青县| 三门县| 乌鲁木齐县| 临沧市| 绥江县| 石林| 任丘市| 故城县| 清河县| 星座| 柳河县| 体育| 石嘴山市| 嘉荫县| 竹北市| 扶风县| 新邵县| 车险| 青铜峡市| 南靖县| 民丰县| 通榆县| 临沧市| 法库县| 林周县| 盖州市| 汝南县| 新竹县| 阿坝| 胶南市| 米易县| 武威市| 基隆市| 山西省|