Time to close tax loopholes that favor rich
A LIST OF ENTERTAINMENT celebrities' incomes has gone viral on social media. The total annual income of the top 50 entertainment celebrities amounted to 5 billion yuan ($725 million) last year, but that represents only part of their total earnings. Beijing News comments:
The incomes of celebrities are always under public scrutiny, as many people think the money they make is undeserved.
However, few people question whether these stars have paid tax on all the money they make, or if the current tax system has loopholes that enable them to avoid paying as much tax as they should.
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