Tues­day Movie, TV moguls told to heed law on taxes

China Daily (USA) - - NEWS CAPSULE -

China’s tax au­thor­i­ties re­minded film­mak­ers, tele­vi­sion pro­duc­tion com­pa­nies and re­lated sec­tors, as well as those in high-in­come brack­ets, to look closely into their own tax­pay­ing prac­tices be­fore Dec 31.

Those who make re­me­dial pay­ments to tax au­thor­i­ties for un­paid taxes will be ex­empt from ad­min­is­tra­tive pun­ish­ment and penal­ties, Xinhua re­ported on Mon­day, cit­ing a state­ment re­leased by the State Ad­min­is­tra­tion of Tax­a­tion on Oct 2.

The in­dus­try­wide tax probe came af­ter ac­tress Fan Bing­bing and com­pa­nies she rep­re­sents were or­dered to pay taxes and penal­ties to­tal­ing around $128 mil­lion af­ter it was found she had evaded taxes of more than 140 mil­lion yuan.

The scan­dal sur­round­ing Fan sur­faced in May when for­mer TV host Cui Yongyuan ex­posed on his so­cial me­dia what he said were two dif­fer­ent con­tracts — one de­clared, one se­cret — to hide a mas­sive pay­ment.

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