Fan Bingbing's Dark Secret: The 'Yin-Yang' Contract Exposed

Fan Bingbing, one of China's most famous stars, shocked the entertainment industry when she was accused of using "Yin-Yang" contracts to evade taxes. The term "Yin-Yang" refers to signing two contracts at the same time for the same job: a public contract with a large salary and a secret contract with a lower salary. This method allowed her to declare a lower income than she actually earned, thereby evading tax obligations.

The incident came to light in 2018, when Chinese tax authorities conducted an inspection and discovered that Fan Bingbing had used "Yin-Yang" contracts for her role in the movie "The 355". The public contract recorded a salary of up to millions of dollars, while the secret contract only reported a very small portion. This action not only violated tax regulations but also damaged her image as a pop culture icon.

After being investigated, Fan Bingbing had to pay a huge fine and back taxes. The incident sparked a wave of public criticism, arguing that stars should be more responsible and transparent in their finances. Although she has returned to the entertainment industry after a long hiatus, the scandal has left an indelible mark on her career. It has also opened up a wide discussion about financial management in the Chinese entertainment industry, as well as the issue of tax fairness in society.

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