tax evasion

China fines Fan Bingbing for tax evasion

MNA Entertainment Desk: China’s taxation authorities fined A-list Chinese movie star Fan Bingbing more than 479 million yuan ($69.74 million) over tax evasion and ordered her to pay back more than 255 million yuan in taxes, reported news agency.

Fan appeared in the “X-Men” and “Iron Man” film franchises with more than 62 million followers online in China. She dropped off the radar in June amid reports she was involved in an investigation into tax evasion in the film industry.

Her vanishing act sparked wild speculation in China about her fate, including reports she had been detained.

A Chinese TV anchor was widely reported in May to have posted tax-dodging pay agreements online known as “yin-yang” contracts – one setting out the real agreed payment terms and a second with a lower figure for the tax authorities – that appeared to implicate Fan.

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