Korea to scrutinize GM’s transfer pricing, cost to selling price ratio
Feb 28, 2018
With an investigation into GM’s financial records slated to begin this week, the Seoul government appears to be upping the pressure against the US automaker by suggesting a tax audit. Kim Sang-jo, chairman of the country’s corporate watchdog Fair Trade Commission, said Tuesday he would discuss with the National Tax Service a tax audit over the US automaker’s transfer pricing and high rate of cost to selling price. Demands to comb through the US firm’s tax status have also been rising from the