China’s high-profile celebrities fined for tax evasion

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China’s high-profile celebrities fined for tax evasion
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Inspectors detail cases against actress Yuan Bingyan and livestreamer Wu Chuan. Read more at straitstimes.com.

BEIJING – Taxation authorities have pledged to step up supervision on the entertainment industry after a popular actress and an internet influencer were hit with heavy fines for tax evasion.

Suspecting tax fraud, local tax authorities reminded Yuan, who held a controlling interest in the company, of their doubts and urged her to rectify the situation. However, Yuan failed to fully report her wrongdoings, prompting authorities to launch a formal investigation. Meanwhile, “gossip” live-streamer Wu Chuan was forced to repay a total of 13.6 million yuan, the taxation administration said in a separate statement.

According to the statement, tax authorities in the Guangxi Zhuang autonomous region, where Wu is based, initially reached out to the host and asked him to fix his mistakes. However, Wu refused to cooperate, triggering a full inspection.

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