Showing posts with label Fan Bingbing. Show all posts
Showing posts with label Fan Bingbing. Show all posts

Wednesday 3 October 2018

Fan Bingbing didn't build that.

"Without the Party and country's good policies, without the love of the people, there would be no Fan Bingbing," said Fan Bingbing, quoted in "Vanished Chinese actress Fan Bingbing broke her silence with a groveling apology to the Chinese government, which she owes $129 million" (Business Insider).
... Fan broke her silence on microblogging site Weibo with a confirmation with the financial accusations against her as well as an apology to "society, my friends, the public, and the country's tax authority."

The actress said: "For a while, due to my not understanding the relationship between benefits of the country, society, and individual, I and others took advantage of a 'split contract' to avoid tax problems, and I am deeply ashamed."
ADDED: Speaking of structuring your affairs to avoid tax consequences, the NYT has a big exposé of Trump's tax avoidance: "Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father."
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