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 China caps film star pay, citing 'money worship' and fake contracts

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China caps film star pay, citing 'money worship' and fake contracts Vide
PostSubject: China caps film star pay, citing 'money worship' and fake contracts    China caps film star pay, citing 'money worship' and fake contracts Icon_minitimeThu Jun 28, 2018 5:34 pm
Lead actors’ pay packets restricted to 70% of total wages for the cast of a show

Chinese authorities are capping the salaries of celebrities, blaming the entertainment industry for encouraging “money worship” and “distorting social values”.

China caps film star pay, citing 'money worship' and fake contracts 3978

The salaries of on-screen performers should be capped at 40% of the total production costs, according to a joint notice from five government agencies including China’s tax authority, the television and film regulator, and the propaganda department. Leading actors should receive no more than 70% of total wages for the cast, according to the announcement, published in Xinhua.

The directive – the same as guidelines released last year by the China Alliance of Radio Film and Television – comes after a series of Chinese celebrities were accused of signing fake contracts to evade taxes.

In May a well-connected Chinese TV presenter, Cui Yongyuan, posted photos of contracts believed to belong to Fan Bingbing, one of the country’s highest paid actors. The contracts, one for $1.56m and another for $7.8m, were meant to be an illustration of “yin-yang contracts”, a common method of tax evasion in which only the smaller contract is reported to authorities.

https://www.theguardian.com/world/2018/jun/28/china-caps-film-star-pay-citing-money-worship-and-fake-contracts
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