Table of Contents
- 1 National Tax Service, tracking 696 large delinquent taxpayers
A doctor who donated hundreds of millions of cash to his children - 2 * **How might the anonymity provided by virtual currencies challenge traditional approaches to tax enforcement, and what innovative solutions could governments explore to address this challenge?**
National Tax Service, tracking 696 large delinquent taxpayers
A doctor who donated hundreds of millions of cash to his children
Tax authorities have caught a large number of high-paying delinquents who secretly received and embezzled slot machine winnings without paying their delinquent taxes, and leased and drove ultra-expensive imported cars such as Rolls-Royces. Delinquents who concealed their assets with virtual assets such as Bitcoin were also caught.
On the 21st, the National Tax Service announced that it is intensively tracking 696 large delinquent taxpayers who have been avoiding paying taxes using intelligent techniques. These include 216 delinquents who hid their assets despite having the ability to pay, 81 people who illegally transferred their assets to family members through false temporary registration, etc., and 399 delinquents who lived luxurious lives.
According to the National Tax Service, Mr. A, the representative of a real estate sales agency, had delinquent national taxes worth hundreds of millions of won, including value-added tax, and recently visited Kangwon Land and won hundreds of millions of won from a slot machine. It was revealed that Mr. A hid his assets by receiving the winnings as a check and exchanging some of the winnings for dollars at a bank.
Urologist B was found to have given hundreds of millions of won in cash to his children without paying billions of won in comprehensive income tax after it was revealed that he had falsified hospital expenses. It was found that Mr. B acquired an officetel in the name of his spouse, who had no special income, and also hid his assets through foreign currency remittances in the name of overseas insurance premiums.
A large number of people who enjoyed a luxurious lifestyle, such as leasing and driving expensive imported cars while delinquent on taxes, were also caught. It was revealed that Mr. C, the CEO of a cosmetics manufacturer, underreported value-added tax and delinquent taxes amounting to billions of won, while paying hundreds of millions of won in lease deposits and high monthly lease fees while driving a Rolls-Royce vehicle. The National Tax Service requested a public sale of an expensive apartment in Seoul owned by Mr. C and seized the lease deposit in the individual’s name.
Mr. D, who had transferred hundreds of millions of won in arrears by transferring the right to sell an apartment and not paying capital gains tax, was found to have used over 20 types of virtual assets, including Bitcoin, to hide the transfer amount and passed on some virtual assets to family and relatives.
#National Tax Service#Large delinquent taxpayers
Sejong = Reporter Kim Do-hyung [email protected]
-
great
0dog -
I’m sad
0dog -
I’m angry
0dog -
I recommend it
dog
Hot news now
* **How might the anonymity provided by virtual currencies challenge traditional approaches to tax enforcement, and what innovative solutions could governments explore to address this challenge?**
This article highlights cases of tax evasion by individuals in Korea, depicting various methods employed to conceal wealth and avoid paying taxes. Here are some open-ended discussion questions organized thematically:
**I. Understanding Tax Evasion Techniques**
* The article describes several methods of tax evasion: hiding winnings, falsifying expenses, using foreign currency remittances, transferring assets, and using virtual assets. Which of these methods do you find most ingenious or troubling? Why?
* How does the anonymity and decentralization of virtual currencies like Bitcoin potentially aid in tax evasion? What are the implications of this for governments and tax authorities?
**II. Societal Impacts of Tax Evasion**
* The article mentions individuals who maintain a luxurious lifestyle while evading taxes. How does this disparity between outward appearances and financial responsibility affect public perception of fairness and trust in the system?
* Large-scale tax evasion can deprive governments of crucial funds for public services. What are the potential consequences for society when public funds are undermined due to tax evasion? Discuss the impact on areas like healthcare, education, and infrastructure.
**III. Ethical Considerations**
* Do you think the methods used by these individuals to evade taxes are morally justifiable? Why or why not?
* Should there be harsher penalties for individuals engaged in large-scale tax evasion? What kind of deterrent measures could be more effective in preventing such behavior?
**IV. Role of Technology and Authorities**
* How can technology be used to improve tax compliance and prevent evasion? Are there specific technological solutions that could be implemented?
* What responsibilities do financial institutions and online platforms have in combating tax evasion?
**V. Solutions and Policy Implications**
* What strategies could governments implement to close loopholes and make it more difficult for individuals to avoid paying their fair share of taxes?
* How can public awareness campaigns and education initiatives help promote tax compliance and discourage tax evasion?
Remember, these are just starting points. Encourage participants to share personal experiences, opinions, and alternative perspectives to create a rich and nuanced discussion on this complex issue.
