On the afternoon of the 15th, the news of Deng Lun’s tax evasion being recovered and fined $17 million ranked to the top of the trending topic on China’s social media platform Weibo. Currently, Deng Lun has about 40.29 million followers on the Weibo (Chinese social platform) and has accumulated 21.26 million followers on the Chinese short video platform TikTok.
On the afternoon of the 15th, the news of Deng Lun’s tax evasion being recovered and fined $17 million ranked the top of trending topic on China’s social media platform Weibo, which drew much attention across the Chinese network.
According to the news from the State Taxation Administration, through the analysis of big data of taxation, it was found that Deng Lun was suspected of tax evasion and was still incomplete to rectify the situation after being reminded and urged by Chinese taxation authorities, so a case was opened and a comprehensive and in-depth taxation inspection was carried out according to the law.
It was found that during the period from 2019 to 2020, Deng Leng evaded over $7.51 million in taxes and underpaid nearly $2.21 million in other taxes by fictitiously converting his personal labor compensation into corporate income for false declaration through fictitious business.
According to the State Taxation Administration, during the tax inspection, Deng Lun was able to actively cooperate with the inspection and voluntarily pay over $7.02 million in back taxes, while voluntarily reporting tax-related violations that were not yet in the possession of the Chinese tax authorities. As a result, Deng Lun recovered the tax, paid a late payment fee and imposed a fine totaling 17 million.
The information shows that Deng Lun graduated from the acting department of Shanghai Theatre Academy and is a popular traffic star in the Chinese film and television industry. Currently, Deng Lun has about 40.29 million followers on the Weibo (Chinese social platform) and has accumulated 21.26 million followers on the Chinese short video platform TikTok.
According to incomplete statistics, Deng Lun currently has endorsement with about 17 brands including six beauty brands and international top companies such as L’Oreal Paris, Sulwhasoo, Unilever. After Deng Lun was exposed to tax evasion, the above beauty brands deleted their posts related to Deng Lun.
It is noteworthy that in addition to the brand termination, TikTok and Weibo also blocked Deng Lun and Deng Lun’s studio accounts one after another. In the news unleashed 45 minutes later, Deng Lun also issued a letter of apology on the Weibo platform and said “has profoundly recognized my mistakes”, “accepts all the decisions of the tax authorities” and “is willing to assume all relevant responsibilities”.
