The cash hidden in the kimchi container by the delinquent was confirmed and collected. revenue
Delinquent A (92) did not pay billions of won in capital gains tax even though he transferred his own land. Mr. A’s children evaded forced collection by systematically hiding the entire transfer amount, excluding bank debt, by transferring it to several accounts or withdrawing cash alternately.
After confirming this fact, National Tax Service employees, after interrogation and undercover, confirmed that Mr. A was actually residing in a house under his child’s name, and jointly searched four addresses. As a result, a total of 1.1 billion won was recovered and collected, including a bundle of 50,000 won bills worth 200 million won hidden in a kimchi container at home, and 7 family members, including Mr. A’s children and daughter-in-law, were reported.
The National Tax Service announced on the 21st that it will strengthen asset tracking investigations on 696 unscrupulous large delinquent taxpayers who intentionally concealed assets and failed to pay taxes. There are a total of 696 people, including 216 people who hid gambling winnings, 81 people who illegally transferred property to family members through false temporary registration, etc., and 399 people who lived luxurious lives such as leasing imported luxury cars and purchasing expensive luxury items.
A number of luxury bags are being seized. revenue
Previously, the National Tax Service collected 2.5 trillion won in cash or secured bonds as of last October through a property tracking investigation. It is known that during the search process, there were delinquents who resisted fiercely, such as refusing to open the door or threatening with a weapon.
First, the National Tax Service detected 216 delinquents who hid their assets in various ways, such as winnings from gambling games such as horse racing, bicycle racing, and slot machines, overseas insurance, and large checks. For example, Mr. B, the representative of a real estate sales agency, while in arrears of hundreds of millions of won in value-added taxes and other taxes, recently received hundreds of millions of won in winnings from a Kangwon Land slot machine as a check and then converted them into dollars to hide them.
Confiscated items including gold bar purchase details and cash. revenue
81 people were also confirmed to have illegally transferred property through false provisional registration and mortgages. Mr. C, a dentist, set up a provisional registration of his real estate in his spouse’s name to avoid compulsory collection due to billions of won in arrears, and when it was seized by the jurisdiction, he converted it to a main registration and transferred ownership to his spouse. In addition, he used expedient methods such as closing his own business immediately after delinquency occurred and then re-opening the business in the same location and under the same name under the name of the employee.
In addition, 399 delinquents were caught who directly leased imported luxury cars such as Rolls-Royce or used them in the company’s name even though they had delinquent taxes.
A delinquent is seen holding a weapon and refusing to carry out a search. revenue
In addition, the National Tax Service is collecting income data on ‘high-income freelance delinquent taxpayers’ such as YouTubers, copyright holders, and instructors, and is strengthening compulsory collection. Continuous income such as Super Chat (viewer donations) received by YouTubers is quickly seized and collected from platform operators, and delinquents suspected of transferring or hiding virtual assets in the names of relatives are tracked using a virtual asset tracking program. It is being implemented. Through this procedure, the National Tax Service recently seized 28.7 billion won from a delinquent who hid his assets in virtual assets such as Bitcoin, whose prices have soared.
Ahn Deok-soo, head of the National Tax Service’s tax collection legal department, said, “We will quickly respond to increasingly sophisticated methods and track and collect hidden assets of high-value and habitual delinquents to the end.” there is. “In addition, we are carrying out intensive on-site collection activities by interrogating, hiding, and searching locations suspected of hiding assets, including the actual residence and place of business of delinquents.”
Reporter Kim Eun-hye ehkim@nongmin.com
**What specific legislative or policy changes could be implemented to enhance the effectiveness of asset recovery programs while ensuring due process and transparency?**
## Interview: Unmasking Tax Delinquency and Asset Recovery
**Introduction:**
Welcome everyone. Today we’ll be delving into the fascinating world of tax evasion and the lengths tax authorities go to recover unpaid dues.
Joining us are two expert guests:
* **[Guest 1 Name & Title/Expertise]**:
* **[Guest 2 Name & Title/Expertise]**:
Let’s begin by exploring the specific case highlighted in the recent article about Mr. A hiding cash in a kimchi container.
**Section 1: Creative Concealment Tactics**
* **Interviewer:** The article describes Mr. A’s elaborate efforts to hide assets, including using a kimchi container. This highlights the diverse tactics employed by tax delinquents. Mr. [Guest 1 Name], from your experience, how common are such unconventional methods? What other ingenious tactics have you encountered?
* **Interviewer:** Mr. [Guest 2 Name], considering the sophistication of these methods, how do authorities adapt their investigative techniques? What assets or financial instruments are frequently used to conceal wealth, and how can tax agencies effectively track them?
**Section 2: Targeting High-Value Delinquents**
* **Interviewer:** The article mentions the focus on ”unscrupulous large delinquent taxpayers.” How does the National Tax Service prioritize its efforts? Are there specific criteria used to identify and target these individuals?
* **Interviewer:** Mr. [Guest 1 Name], this strategy seems to target individuals with substantial wealth rather than those struggling financially. What are your thoughts on this prioritization? Is there a potential for unintended consequences or disparities?
* **Interviewer:** Mr. [Guest 2 Name], what legal and ethical considerations should guide the pursuit of high-value delinquents?
**Section 3: The Rise of Asset Tracking Technology**
* **Interviewer:**
The article highlights the use of virtual asset tracking programs to combat tax evasion in the digital age. Can you elaborate on the role of technology in asset recovery? how effective are these programs in identifying hidden assets, and what are the limitations?
* **Interviewer:** Mr. [Guest 2 Name], given the rapid evolution of technology and financial instruments, how do you see the field of tax evasion investigation evolving in the future? What new challenges or opportunities might arise?
**Section 4: Ethical Considerations and Moving Forward**
* **Interviewer:** The article mentions resistance from delinquents during searches, even resorting to weapons. How can authorities balance the need for effective enforcement with the protection of individual rights?
* **Interviewer:** Mr. [Guest 1 Name], what role should public awareness and education play in deterring tax evasion? How can we encourage greater compliance and promote a culture of responsible taxpayment?
**Conclusion:**
Thank you both for your insightful perspectives. The issue of tax evasion and asset recovery is undeniably complex, requiring a multi-faceted approach involving investigative innovation, legal frameworks, and ethical considerations. By understanding the tactics used by delinquents and leveraging innovative technologies, while respecting individual rights, we can strive towards a fairer and more equitable tax system.
