The Yin and Yang Contracts in China == Mama and Bhanja Contracts in India?

*Upfront*: Chinese government is cracking down on celebrity pay now – but says it is needed to deal with "sky-high pay" for actors, "yin and yang contracts" and "tax evasion and other issues". Many celebrities signed two contracts – known as "yin and yang contracts" – and only reported the lower-value contract to the authorities, as a way to evade taxes.
*Background*: China's authorities say actors will have their pay capped at 40% of total production costs.Meanwhile, lead actors cannot be paid more than 70% of total cast pay.It comes after a debate on celebrity pay, and allegations of tax evasion in the film industry.
*Searching Inside*: Almost all of us have one or other time indulged in such Mama-Bhanja tactics, where Bhanja is produced, in lieu of Mama. Why blame filmstars alone. Have you ever done this?

Sign Up for Our Newsletters

Get smarter with most important stories.

You May Also Like