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After being accused of tax evasion by ex-boyfriend Zhang Heng and having numerous chat screenshots, which caused an uproar, Zheng Shuang responded on the social media platform at noon on April 29, saying, “The tax department is already verifying my contracts, personal taxes, and all related economic contracts, and I am willing to accept and cooperate with all investigations, and the results will be made public.”
Zheng Shuang’s response
A stone has stirred up a thousand layers of waves. Recently, a number of star studios such as Tang Yan, Deng Chao and Wei Daxun were written off also raised concerns. The public data shows that in the first quarter of 2021, China’s industry in the survival of the “talent agent” related enterprises added 147, a 41% decrease.
Such a scene is familiar. As early as 2018, Fan Bingbing’s sky-high “yin and yang contract” was exposed, triggering a tax earthquake in the film and television industry, the former “tax haven” of Horgos was no longer the scenery. At its peak, only the Yili Daily published nearly 30 “cancellation announcements” of film and television companies in one day.
The capital market has also been affected. Before the May Day holiday, a number of stars negative news, again to a certain extent affected the media sector.
According to WIND, as of the close of business on April 29, the cultural media index fell 0.8%. 97 media stocks, 57 film and television listed companies fell in share price, a decline of nearly 60%. In Beijing Culture, Huayi Brothers and other film and television listed companies in the stock bar, more shareholders began to worry: Zheng Shuang was investigated, whether it will drag the A-share film and television sector?
In Q1 2021, the number of “talent agency” surviving companies decreased by 41% year-on-year
Three days ago, Zhang Heng released a video on his microblog, claiming that Zheng Shuan had earned 160 million yuan in the project “Sinister Girl” (now renamed as “Only Asking for Love in This Life”) through the yin and yang contract. The “Yang contract” stipulates that the remuneration for the film is 48 million; the “Yin contract” stipulates that B will increase the capital of Zheng Shuang’s mother (Liu Yan)’s actual control company by 112 million. The daily salary is more than 2.08 million yuan based on 77 working days of shooting time. This figure far exceeds the industry’s 50 million yuan salary limit threshold, and there is tax evasion.
The First Inspection Bureau of Shanghai Municipal Taxation Bureau investigated and verified Zheng Shuang’s tax evasion
Facing this issue, the First Inspection Bureau of Shanghai Taxation Bureau has accepted it and is investigating and verifying it in accordance with tax laws and regulations.
While many departments said that they will investigate strictly, recently, several star studios were written off, and the topic of “star studios were written off one after another” was on the Weibo hot search list.
According to incomplete statistics, the celebrities involved in the cancellation of affiliated enterprises this year include Wei Daxun, Yao Chen’s husband Cao Yu, He Gui’s father, Deng Chao, Tang Yan, article, Ma Weiwei, Na Ying (after the withdrawal of the simple cancellation notice), Zhao Benshan, Zhu Zhengting, Meng Meiqi, Wu Xuan Yi, Shen Teng, Jing Boran, Wang Qianyuan, etc.
Tang Yan wholly-owned company Shanghai Tang Yan film and television culture studio cancellation
Every reporter combed through and found that
Tang Yan wholly-owned company Shanghai Tang Yan film and television culture studio written off, the
article wholly-owned company Shanghai Lu Lu film and television culture studio written off.
Deng Chao’s wholly-owned company Anji Huifang Huiyang Film and Culture Studio was written off.
He Gui’s father He Fei’s affiliated company Hunan Lotus Gardenia Enterprise Management Co.
Wei Daxun affiliated company Shanghai Xunhua Film and Television Studio and Shanghai Wei Daxun Film and Television Studio were cancelled.
Lehua flag Meng Meiqi, Wu Xuan Yi, Zhu Zhengting and other artists affiliated companies were written off, respectively, Ningbo High-tech Zone Mei Yujie Culture Media Studio, Ningbo High-tech Zone Xiao Xuan Yi Culture Media Studio, Ningbo High-tech Zone Zhu Zhengting Culture Media Studio.
Public data show that as of April 29, 2021, China’s industry in the survival of the “talent agency” related enterprises 10,800, 1,138 new in 2020, a year-on-year decrease of 55%, 147 new in the first quarter of 2021, a year-on-year decrease of 41%. 2011 to the present decade, China’s talent agency The number of business registrations has been increasing year by year and then decreasing.
Nearly 60% of film and TV stocks fall as “yin and yang contracts” reappear in the film and TV industry
The so-called “yin and yang contract” refers to the two parties to the transaction signed two contracts of different amounts, a smaller amount of “yang contract” used to register with the competent authorities for tax purposes; another higher amount of “yin contract “is the actual agreement between the two sides of the transaction price.
Speaking of “yin and yang contracts” and “tax evasion”, one can’t help but think of the “big earthquake” in the film and television industry caused by the Fan Bingbing tax controversy in 2018.
On May 29, 2018, Cui Yongyuan unveiled on Weibo the unspoken rules of tax evasion in the film and television industry. On June 3 of that year, the State Administration of Taxation instructed Jiangsu and other local tax authorities to investigate and verify the tax-related issues in the “yin-yang contracts” of film and television practitioners.
On June 4, 2018, a Monday, the three major A-share stock indexes opened higher, while film and television stocks fell heavily. Eastern wealth data show that the cultural media sector fell, with 44 of the 88 stocks having different degrees of decline.
Among them, Huayi Jiaxin fell, Huayi Brothers opened 9.66% lower and touched the down price of 7.36 yuan during the day; Tangde Film and TV opened the same plunge, opening 8.42% lower.
On October 8, 2018, the first working day after the results of Fan Bingbing’s punishment came out, the film and television sector opened sharply lower again. On the same day, Jin Yi Film and TV fell, Contemporary East fell 9.94%, Jinke Culture fell 8.33%, and Light Media fell 7.19%.
Huanrui Century share price fell 4.23%
Before the arrival of the May Day holiday, the negative news of a number of stars, to a certain extent, also affected the film and television sector. According to WIND news, as of the close of business on April 29, the cultural media index fell 0.8%. 97 film and television stocks, 57 film and television listed companies fell in share price, a decline of nearly 60%. Among them, Huanrui Century fell 4.23%, the share price of only 2.49 yuan per share; Mango Super Media, Tangde Film and Television, Jin Yi Film and Television fell by more than 2%; Shanghai Film, Huace Film and Television, Civen Media, Wanda Film, Huayi Brothers, Beijing Culture, Light Media and other well-known film and television stocks have also fallen to varying degrees.
A securities analyst said in an interview with the Daily Economic News reporter: “Zheng Shuang incident, which will probably lead to a number of stars being strictly investigated, for star-dependent film and television listed companies, the sales and release of plays will be uncertain, thus affecting the share price and performance.”