Tax agency to probe 41 businesses for causing consumer price instability
8 Articles
8 Articles
Baedal Minjok is undergoing an unscheduled (special) tax audit by the National Tax Service on suspicion of failing to pay over 100 billion won in taxes while transferring over 1 trillion won in domestic profits to its German parent company. Fashion platform Musinsa and food company Pulmuone have also been included in the investigation. The National Tax Service [investigates] perceived prices regarding agricultural and livestock products, process…
Tax agency to probe 41 businesses for causing consumer price instability
Korea's tax agency said Monday it has launched probes into 41 businesses for allegedly engaging in unfair practices and contributing to consumer price instability, as the government seeks to curb inflation ahead of the Chuseok holiday. The National Tax Service (NTS) said the move came after it detected cases in which businesses inflated production costs and ultimately passed the burden on to consumers. The investigation covers 23 agricultural pr…
(Sejong=Yonhap News) Reporter Lee Dae-hee = Ahead of the Chuseok holiday, the National Tax Service has detected suspected tax evasion by a total of 41 companies, focusing on food-related businesses such as Baedal Minjok, and tax...
The National Tax Service is conducting tax investigations into 41 companies, including agricultural and livestock product distributors, suspected of tax evasion that fueled instability in the prices of food, clothing, and shelter. Ahead of the Chuseok holiday, the NTS is investigating a total of 41 businesses, including agricultural, livestock, and fisheries product distributors, food companies, and restaurant franchises, suspected of evading ta…
[Sejong=Newsis] Reporter Ahn Ho-kyun = The National Tax Service is launching a tax investigation after detecting indications that business owners in sectors closely related to the public's essential living expenses—such as agricultural and livestock products, dining out, and delivery services—have evaded taxes by intentionally understating profits while raising prices. Ahead of the Chuseok holiday, the National Tax Service is targeting unfair pr…
[Digital Daily Reporter Wang Jin-hwa] The National Tax Service has launched tax investigations targeting 41 food and platform companies, including Baedal Minjok. The investigations are looking into allegations of tax evasion, such as shifting the burden of costs or commissions onto consumers and vendors. The total amount of suspected tax evasion by the companies under investigation reaches 1 trillion won. The National Tax Service announced on t…
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