May 25, 2007 / 8:17 AM / 10 years ago

Beijing gives award to millionaire taxpayers

2 Min Read

<p>A teller counts Chinese yuan at a money exchange store in Hong Kong, in this June 29, 2006 file photo. The Chinese capital has awarded 10 of the city's 387 taxpayers who each paid more than 1 million yuan ($130,700) in tax last year with certificates as a way of encouraging honesty, Chinese media reported.Bobby Yip</p>

BEIJING (Reuters Life!) - The Chinese capital has awarded 10 of the city's 387 taxpayers who each paid more than 1 million yuan ($130,700) in tax last year with certificates as a way of encouraging honesty, Chinese media reported.

One of the 10 -- including movie stars, real estate developers and artists -- paid 27 million yuan in tax, becoming the capital's highest taxpayer, according to the Beijing Times.

In total, the 387 people contributed 950 million yuan in tax last year, it said.

"The honest tax-paying behavior of these people will win them more opportunities and respect in their future work and life," the newspaper quoted Hao Shuobo, the deputy head of Beijing's Taxation Bureau, as saying.

"Paying tax not only makes a contribution to the country's finances, but more importantly it can cultivate honesty, morality and good social ethics," real estate developer Pan Shiyi was quoted as saying on receiving the award.

China has a problem with tax evasion, with a string of scandals where celebrities or other public figures have been found guilty of trying to avoid payment.

The tax authorities said in January that tax revenue hit 3.76 trillion yuan last year, up 21.9 percent from 2005.

$1=7.652 Yuan

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