NTS orders 11 individuals to pay 71.4 bln won for offshore tax evasion
Social affairsSept 3, 2013
South Korea's tax agency said Tuesday that it has ordered 11 individuals to pay about 71 billion won ($64.6 million) for evading due taxes through offshore paper companies.The move comes roughly three months after an independent Internet press organization disclosed a list of Korean nationals suspected of running paper companies in tax haven regions, including the British Virgin Islands.The National Tax Service reviewed the list and confirmed the identities of 267 Korean nationals, of which 39 w