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Chinese Film Companies Flee Desert Tax Haven

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Film companies started fleeing Khorgos, which has been dubbed "China's Cayman Islands," in the wake of the Fan Bing Bing tax evasion scandal that rocked China's entertainment world since June of this year. Fan was the nation's highest paid actress. Since then, over 100 film companies have deregistered, according to…

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Click here to read the full story: Business Times

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