Chinese movie star Fan Bingbing hit with huge tax evasion fines

Chinese movie star Fan Bingbing hit with huge tax evasion fines

Reuters, citing Chinese state media, said the actress' fines totaled 479 million yuan ($69.74 million), while her outstanding back taxes were calculated at 255 million yuan ($37 million).

Regarded as China's highest-paid movie star, Fan has been a household name in China for years, with more than 62 million followers online.

In addition to determining that Fan and her studio had evaded paying hundreds of millions of yuan in taxes, the tax authorities found that Fan had received 30 million yuan for her role in the upcoming film "Air Strike" - in which she stars in alongside Bruce Willis and Adrien Brody - but only paid tax on one-third of that income, much of which was funneled into smaller contracts.

The Xinhua report said Fan evaded 7.3 million yuan in taxes by using a secret contract worth 20 million yuan that she signed for starring in the Chinese film "Unbreakable Spirit".

She instead paid taxes on a contract for only 10 million yuan (€1.24 million), Xinhua said. Almost a month later, it seems there may be light at the end of the tunnel for Fan and her fans.

As a first-time offender, she will not face criminal prosecution if she pays the fine by an undisclosed deadline.

She said she accepted the punishment meted out by the authorities and will pay the fine.

After June, when she posted her visit to a children's hospital on social media, she vanished from sight, to the dismay of her fans.

In the statement, Fan says she "accepts the judgement completely" and talks of the "immense pain" this experience has caused her. I am ashamed of what I have done, and I deeply regret my actions.

Fan's disappearance had sparked significant public speculation about her whereabouts, with some pointing to a possible tax evasion investigation.

"Without the Party and country's good policies, without the loving attention of the masses, there would be no Fan Bingbing", she wrote.

"I am unworthy of the trust of the society and let down the fans who love me", Fan wrote, promising to "try my best to overcome all difficulties and raise funds to pay back taxes and fines", according to the Associated Press.

But her star has dimmed among authorities in China.

When Fan dropped out of sight, the Chinese government had just put in place salary caps for TV actors. The women were together at the Cannes Film Festival in May, but a release date for the film has not been announced.

Reps for Fan Bingbing have not yet responded to Yahoo Entertainment's request for comment.

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