Seoul to launch tax evasion crackdown on firms, individuals
13 Oct 2017

South Korea’s tax agency said Friday it will crack down on tax evasion by big businesses and wealthy individuals to boost its tax revenue.

The National Tax Service plans to thoroughly look into possible capital outflows by high-income earners and conglomerates and check moves to pass on managerial control of firms without paying related dues, the NTS said in the documents produced for the parliamentary audit.

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