Tax Investigation Launched into 50 Large Companies

Write : 2018-05-16 17:07:57 Update : 2018-05-16 19:55:27

Tax Investigation Launched into 50 Large Companies

The government has launched a nationwide tax inspection into conglomerates and the superrich who are suspected of tax evasion. 

The National Tax Service said on Wednesday that it will conduct an investigation into 50 large companies suspected of evading inheritance and gift taxes. 

The tax agency said the amount of suspected tax evasion for each company ranges from several billions to more than 100 billion won. 

The agency plans to conduct the investigation for three months, and bring criminal charges against those confirmed to have evaded taxes and collect the taxes they evaded through illicit means.

[Photo : YONHAP News]

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