Chinese actor Zheng Shuang fined USD 46 million for tax evasion

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The clampdown on wealthy stars came following a new policy shift by the ruling Communist Party of China headed by President Xi Jinping making common prosperity the central theme during the current five-year plan. The Shanghai Municipal Tax Service fined Shuang on Friday for tax evasion and undeclared income between 2019 and 2020 while filming a TV series. (Photo: Zheng Shuang/Instagram)
Top Chinese film and television actress Zheng Shuang has been slapped with a whopping USD 46.1 million fine for tax evasion, as China tightened supervision on celebrities under its new policy for reducing the wealth gap. 📣 The Indian Express is now on Telegram. The actor had faced severe public criticism over allegations that she abandoned her two surrogate babies in the US earlier this year. By: PTI | Mumbai |

Updated: August 28, 2021 6:05:04 pm

Zheng Shuang has found herself in a legal trouble. Click here to join our channel (@indianexpress) and stay updated with the latest headlines
For all the latest Entertainment News, download Indian Express App. The “yin and yang” contract refers to two documents made for the same agreement-the true document is kept between the two parties while the other containing a lower declared salary is presented to tax agencies to minimise taxation. Recently, the Chinese government has mounted unprecedented crackdowns on Alibaba and other top corporate firms from various sectors within the economy, including technology, online education and real estate to tackle widening income inequality, rising debt levels and slowing consumption. More in Entertainment |Vicky Kaushal, Sara Ali Khan’s The Immortal Ashwatthama on hold: Sources
The move to fine Zheng Shuang was interpreted as part of attempts to enhance regulation of the high-earning entertainment industry. The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards. Several celebrities, who have violated the law or have moral taints, were not allowed spotlight and got their works removed from online platforms, state-run Global Times reported.×1.png
National Radio and Television Administration announced on Friday that all programmes in which Shuang has participated should be taken off the air. Tax officials said Shuang’s case is typical of the “yin and yang” contract situation in the film and television industry.