Arab Today, arab today tax agency steps up audits into large conglomerates in seoul
Last Updated : GMT 09:35:01
Arab Today, arab today
Arab Today, arab today

Tax agency steps up audits into large conglomerates in Seoul

Arab Today, arab today

Arab Today, arab today Tax agency steps up audits into large conglomerates in Seoul

Seoul - Yonhap

South Korea\'s tax agency is intensifying its probe into large businesses as part of efforts to crack down on tax evasion and broaden the overall revenue base for the government, industry and government sources said Friday. According to the sources, the National Tax Service (NTS) launched a special tax audit into CJ E&M, the entertainment arm of CJ Group, on Thursday. This followed an audit into steel-making giant POSCO, which started earlier this month. Little was known about what prompted the NTS to start the investigation into those companies. The probes came after the NTS started a tax probe into CJ Group and Lotte Shopping in July. A probe is also under way for Hyosung Group since May, and the agency is reportedly seeking to refer the case to prosecution for investigation on tax evasion charges. The series of tax audits appears to be in line with efforts by the NTS to crack down on tax evasion and shed light on the country\'s shadow economy in a bid to expand the revenue base at a time when the government is struggling to secure sufficient funds necessary for expanded social welfare programs. In the face of concerns that such strict stance could hinder business activities, the agency said that it will scale back its tax audits into some struggling industries but confirmed its principle to get tough on businesses suspected of tax evasion. \"In consideration of the economic situations, we plan to reduce audits into companies this year, but we will continue to get tough on regulating the shadow economy and offshore tax evasion in order to establish tax justice,\" an NTS official said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tax agency steps up audits into large conglomerates in seoul Arab Today, arab today tax agency steps up audits into large conglomerates in seoul

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tax agency steps up audits into large conglomerates in seoul Arab Today, arab today tax agency steps up audits into large conglomerates in seoul

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday