NTS probing 23 businesses, individuals for possible offshore tax evasion
IndustryMay 29, 2013
South Korea's tax agency said Wednesday that it has launched an investigation into 23 businesses and individuals suspected of evading taxes through paper companies established in tax haven regions. The National Tax Service added that it has completed a probe into 83 offshore tax evasion cases, which led to collecting about 479.8 billion won ($424.6 million) in additional taxes.The move is part of pan-governmental efforts to push for fair tax justice and expand the overall revenue base for growin