Upvote if you think more people should see this post!



Posted by yckim124 AKP STAFF Wednesday, September 12, 2018

A famous entertainment agency fined $2 million for tax evasion

A famous entertainmentagency has been fined for tax evasion.

According to theNational Tax Service of South Korea, an entertainment agency gained a revenue of 7 billion KRW (6.2 million USD) from their artist's concert. However, the agency transferred the money to a paper company they established in Hong Kong to avoid paying taxes.

The agency's illegal act has been caught by the National Tax Service of South Korea. The agency is now demanded to pay a total of 9 billion KRW (8 million USD) for the transferredrevenue plus an additional 2 billion KRW (1.8 million USD) in fines.

Meanwhile, The National Tax Service of South Korea announced that several celebrities were also fined for tax evasion.
  1. misc.
0 14,744 Share 100% Upvoted

allkpop in your Inbox