China launches tax evasion probe into film and TV industry

China’s cinema market is worth $8.6 billion. (Reuters)
Updated 04 June 2018
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China launches tax evasion probe into film and TV industry

BEIJING/SHANGHAI: China will launch a tax evasion investigation into the country’s film and television industry, the tax bureau said in a statement posted on its official website on Sunday.
Some of the country’s most famous actors have been accused of signing so called “yin-yang” contracts — one contract setting out agreed payment terms and a second one with a lower figure for the tax authorities to avoid payment of tax.
China’s cinema market is worth $8.6 billion.
An index tracking major media firms dropped 1.3 percent to a near four-year low on Monday.
The State Administration of Taxation (SAT) has asked local bureau in the southern province of Jiangsu, among others, to carry out investigations.
“If violations of tax laws and rules are found, they will be dealt with in accordance with the law,” said the SAT.
The last time a high-profile artist was entangled in a tax investigation was in 2002, when 1980s actress Liu Xiaoqing was imprisoned for a year for tax evasion.
So-called “yin-yang” contract — a widely used expression in China meaning real and fake agreements operating side-by-side — is commonplace across the country for every type of acquisition, from real estate to football clubs.
China has been cracking down on tax cheats as demands grow on the nation’s coffers.


Bahraini TV star Sabrin Burshaid dies after battling cancer

Sabrin Burshaid died on Monday morning at the age of 34. (Instagram)
Updated 22 July 2019
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Bahraini TV star Sabrin Burshaid dies after battling cancer

DUBAI: Bahraini TV presenter and actor Sabrin Burshaid died on Monday morning, at the age of 34.

The star had been battling cancer after being diagnosed with lymphoma earlier this year. According to media reports, Burshaid was found to have three brain tumors and was hospitalized abroad.

The news of her death was confirmed by her father, Ahmed Burshid.

Burshaid began her career in 2009, when she started as a  TV presenter for the program “Summer of Bahrain.”

She got her first major acting job in 2012 in the play “Zain’s Flashlight” and went on to star in a number of Ramadan series, the latest clutch of which were  aired this year — “Lovers After Divorce” directed by Khalid Jamal, “Agenda” by Haya Abdel Salam and “ I have a script” by Munir Zoubi.