Fan Bingbings tax evasion case, 5 tax executives were punished

Cui Yongyuan (pictured on the left) became the hero of breaking the news and may be awarded a prize of 100,000 RMB.(Internet)

Chinese actress Fan Bingbing was investigated by the tax bureau for tax evasion, and the verdict was released on October 3. Yesterday (October 8), it was revealed that a total of five tax bureau executives and accountants were punished.

According to Chinese media reports, the State Administration of Taxation of China publicly punished five senior officials of the Jiangsu Provincial Taxation Bureau on the grounds of poor management yesterday, including Ding Yuan, the director of the Wuxi Municipal Taxation Bureau, and the chief accountant

Li Qingdu was given an administrative warning, and Xu Chongjin, a cadre, was dealt with by admonition; Zhong Xiaoxin, deputy director of the Binhu District Taxation Bureau, was given an administrative demerit and removed from his current leadership position; Shen Zhiguo, deputy director of the Liangxi District Taxation Bureau, was given an administrative demeritpunishment.

As soon as the news was exposed, many netizens were shocked and said that the case had really reached the national level, and many netizens said that this is the name of someone's godfather, and the godfather was also caught?, List of dead ghosts?.

Film and television companies log off the tide of escape

Fan Bingbing was fined RMB 880 million (approximately SGD 170 million) for tax evasion, and the follow-up effects continued. According to Chinese media reports, there has been a wave of film and television companies fleeing since June. According to media statistics, 102 companies have been in the tax haven Xinjiang HallThe film and television companies registered by Guosi applied for cancellation, including Xu Jinglei, Feng Xiaogang and many other well-known artists as legal persons or companies with shareholdings. Because there are too many companies to cancel, the local newspapers are almost not enough.

Horgos, Xinjiang, has attracted more than 1,600 media companies to register locally, including 30 Chinese big stars, due to the preferential tax policy of corporate income tax exemption for five years, but most of them are shell companies and have no specific local presence.business.Due to the impact of the Fan Bingbing incident, many companies chose to cancel to escape the battle royale in order to avoid being involved in this wave of tax inspections. On August 27 alone, the local Yili Daily published 25 company cancellation announcements.

According to Xi'an Evening News, more than half of China's mainstream film companies are registered in Khorgos, such as Huayi, Bona, and Jiaying, and the stars include Wu Xiubo, Huang Bo, Zhao Benshan, Chen Jianbin, Wu Qilong, and Chen Kun.They all have registered companies directly or indirectly. According to industry insiders, this wave of escape means that China's film and television industry and star capital have entered a cold winter. In the future, the income of entertainers will be strictly scrutinized.

Cui Yongyuan may receive a bonus of 100,000 RMB (approximately SGD 20,000) from the State Administration of Taxation of China for reporting on Fan Bingbing’s tax evasion.

According to Chinese media reports, according to the Interim Measures for Rewarding Taxpayers for Reporting Tax Illegal Behaviors issued by the State Administration of Taxation, the tax authorities will reward units and individuals who report tax violations to the tax authorities with their real names and are verified.The reward amount is estimated as follows:

●The tax amount is more than RMB 5 million (about S$1 million); if it is less than RMB 10 million (about HK$2 million), a bonus of more than 20,000 yuan (about S$4,000) will be given;

●If the amount of tax is more than 100 million yuan (about 20 million Singapore dollars), a bonus of less than 100,000 yuan (about 20,000 new dollars) will be given.

Judging from Fan Bingbing's tax evasion case, Cui Yongyuan can get a reward of RMB 100,000.

China's State Administration of Taxation announced on the 3rd that Fan Bingbing needs to pay back taxes, late fees and fines totaling about 880 million yuan (about 180 million Singapore dollars).

On the 3rd, Cui Yongyuan teased on his Weibo: Facts once again prove that the big bombing is a big fraud, and one person who participated in the fraud has already been punished.

Raise 180 million fines to pay taxes and sell Shanghai villas at a low price of 28 million

There is not much time left for Fan Bingbing to pay taxes, late fees and fines totaling about 880 million yuan (about 180 million Singapore dollars) on October 15. Some Chinese media directly hit on Fan's mansion in Shanghai yesterday, saying that he is paying RMB 1.4 million.100 million yuan (approximately S$28 million) to sell the villa for cash.

It is known that this independent single-family villa is located in Shanghai Gubei No. 1, which was bought by Fan Bingbing in 2015. The above-mentioned lot is very scarce. The opening price of that year exceeded 100 million yuan (about 20 million Singapore dollars), known as the sky-high price villa.Now, the market value has exceeded 200 million yuan (about 40 million Singapore dollars), but so far no one cares about it.

In addition, brokerage China also reported yesterday (October 6) that hundreds of film and television companies collectively canceled Korgos, once a tax haven for celebrities, including film and television companies held by Feng Xiaogang, Zhao Wenzhuo, and Xu Jinglei.

The report also pointed out that in its heyday, more than 1,600 media companies were registered in Khorgos. However, with the tightening of policies, adjustment of the tax system, and Fan Bingbing's example, many so-called shell companies were immediately deregistered.The entire film and television industry is therefore considered to have entered a cold winter.