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

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PostSubject: China caps film star pay, citing 'money worship' and fake contracts    Thu 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”.



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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