China Tax crackdown targets Actors, Singers

[True Blue]

https://www.msn.com/en-ie/sport/other/china-announces-crackdown-on-entertainment-industry-tax-evasion/vi-AAygrud

[Randy W]

This looks to be geared toward a loophole available to some big stars

 

"the practice of signing multiple contracts for a single job in order to dodge taxes"

[Randy W]

It's more than just a loophole - apparently, they are signing TWO contracts - one for the actual amount paid, and another for a lower amount to show the tax authorities

 

Even Chinese film stars have to pay their taxes

Crackdown prompted by contracts row involving actress Fan Bingbing is likely to shake the country’s entertainment industry and again highlight the gap between rich and poor

 

"Chinese have a love-hate relationship with their top actors. While they flock to their films, pushing China’s cinema towards overtaking Hollywood as the world’s largest in terms of revenue, they are prone to criticising stars for being paid too much.

The tax evasion investigation launched this week into the nation’s film and television industry was therefore inevitable. There can be no sympathy for whoever is found out; everyone has to pay their required dues, no matter how famous they may be."

 

 

[True Blue]

Maybe they get a $500 a week salary to act and the rest is unreported "tips".....