Wednesday, 3 October 2018

Actress fined for Tax evasion

Chinese star-star Fan Bingbing has been fined about $ 883 million ($ 129 million, $ 98.9 million) for tax evasion and other offenses, authorities said on Wednesday.

The star, who disappeared in July, wrote a big apology about social media.

Ms. Fan, one of China's top actors, will avoid criminal charges if fines are paid in time, the state-owned Xinhua News Agency said.

The actor was linked to a government inquiry into how celebrities reported earnings in their contracts.

Some movie stars allegedly used the so-called "yin-yang contracts" - a practice where a contract determines the real earnings of an actor, while another describes a smaller amount, which was submitted to the tax authorities.

The authorities have now ordered Ms Fan and the companies they control to pay the enormous amount of taxes, fines and penalties.

The 37-year-old actress, who appeared in the X-Men and Iron Man franchises, has not seen publicly since July 1, and her tracks have been the subject of strong speculation. Its current location is unknown, but reports say it was kept in a secret reservation.

On Wednesday, the star sent an open apology to the tens of millions of her fans in her Weibo account, saying: "I have suffered very much without previous pain recently ... I am so ashamed of what I did.

"I fully accept all the criminal law decisions issued following the investigation carried out by the tax authorities. I will follow the mandate, try to overcome the difficulties, raise funds, pay taxes and fines."

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