The 'overturning' incident of the Xiaoguo culture continues to ferment. On the 17th, Shanghai Xiaosheng Culture Media Co., Ltd. (hereinafter referred to as Shanghai Xiaosheng Culture) was punished and confiscated of 1.3253 million yuan in illegal gains, and fined 13.3538 million yuan. It is worth noting that Shanghai Xiaosheng Culture, which was punished this time, is not Shanghai Xiaoguo Culture Media Co., Ltd. (hereinafter referred to as Xiaoguo Culture), which is affiliated with the official Weibo account of Xiaoguo. It is a subsidiary of Shanghai Xiaoguo Performance Group Co., Ltd., registered in May 2020, and its legal representative is Ye Feng, the founder of Xiaoguo Culture. According to Tianyancha, Xiaoguo has registered 14 companies for 3 years and Shanghai Xiaosheng Culture belongs to Shanghai Xiaoguo Entertainment Group. The group has 21 member enterprises, of which 5 are cancelled and 16 are still in existence. The core enterprise of the group is Shanghai Xiaoguo Performing Arts Group Co., Ltd., with Ye Feng as its legal representative. It was established in October 2016 and has a registered capital of 380 million yuan. The suspected actual controller is Fun factory (HK) Limited (hereinafter referred to as Fun factory), a Hong Kong enterprise registered in 2021. The other member enterprises include Shanghai Xiaoguo Performing Arts Group Co., Ltd., Suzhou Xiaosheng Cultural Media Co., Ltd., Beijing Xiaosheng Cultural Media Co., Ltd., Shanghai Xiaoguo Cultural Media Co., Ltd., etc. Zhongxin Jingwei has noticed that except for the earlier established Shanghai Xiaoguo Cultural Media Co., Ltd. and Shanghai Xiaoguo Entertainment Group Co., Ltd., all other member companies were established after 2017, with a total of 14 registered companies from 2020 to 2022. Except for Xinyi Zang Hongfei Film and Television Culture Studio (limited partnership) and Fun factory, which have been cancelled, the legal representatives of other companies are all concentrated in Ye Feng and He Xiaoxi, the latter is the co-founder of Xiaoguo Culture. In addition, the registered capital of each member enterprise of Shanghai Xiaoguo Entertainment Group varies. Except for Shanghai Xiaoguo Entertainment Group Co., Ltd. with a registered capital of 380 million yuan and Xiaodian Duoduo (Tianjin) Investment Co., Ltd. with a registered capital of 200 million yuan, all other companies have registered capital below 3 million yuan, with the lowest registered capital being only 100000 yuan. There are many different individuals, what are your intentions? Xiaoguo Culture has registered so many "clones" in recent years, including many smaller companies. What is the purpose of doing so? Huang Qirui, the chief lawyer of Beijing Quanrui Law Firm, stated to Zhongxin Jingwei that some companies register multiple subsidiaries to expand their business, and there is a division of labor for the business scope of each subsidiary within the company; Some are for tax avoidance, financing needs, etc. As for whether there are tax incentives and whether tax avoidance can be reasonable, it mainly depends on the main business of the subsidiary and the tax policies of the place of registration, "Huang Qirui said. Jiang Han, a senior researcher at Pangu Think Tank, also mentioned that companies with multiple subsidiaries can enjoy different tax incentives in different regions. "For the entertainment industry, the most famous one was Khorgos, which is almost the base of the entertainment industry. A large part of the reason why enterprises register their companies here is to save taxes." Jiang Han mentioned that those subsidiaries with low registered capital have certain tax advantages. The tax imposed by the state on small-scale taxpayers
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：economic view
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email：lwxsd@liaowanghn.com
Economy
Recommended Reading Change it 
Home
