National Tax Service will reportedly hit YG With 5 Million USD Tax Bill

Discussion in 'K-POP' started by KawaiiSamii, Sep 16, 2019.

Tags:
  1. KawaiiSamii

    KawaiiSamii Trendsetter

    Joined:
    May 18, 2016
    Messages:
    4,981
    Likes Received:
    10,739
    Currency:
    4,900
  2. MonoMono

    MonoMono Rookie

    Joined:
    Jun 4, 2019
    Messages:
    765
    Likes Received:
    2,693
    Currency:
    700
  3. ratna_drew

    ratna_drew Super Rookie

    Joined:
    Jul 20, 2019
    Messages:
    1,079
    Likes Received:
    928
    Currency:
    1,000
    It's just a small portion from Blackpink's revenues. Remember Blackpink's tour gross? It's a new record.

    So is LVMH new representative by South Korea government in collecting taxes?
     
    CherrySoda and Limca like this.
  4. KawaiiSamii

    KawaiiSamii Trendsetter

    Joined:
    May 18, 2016
    Messages:
    4,981
    Likes Received:
    10,739
    Currency:
    4,900
    5 million plus the 67 million they owe back. It'd take BP 492 tour dates at most by themselves to pay it all back.
     
  5. VIPiggy

    VIPiggy Celebrity

    Joined:
    Mar 10, 2019
    Messages:
    3,142
    Likes Received:
    7,695
    Currency:
    3,100
    here is the rest of the news related to the tax investigation into YGE (that Team Pinky will obviously not report):

    http://m.etoday.co.kr/view.php?idxno=1798939&
    (translated by Google/Naver translate of part of the article)

    It was confirmed yesterday that the taxation authorities will impose billions of won in taxes on producer Yang Hyun-suk and YG Entertainment.

    The results are based on the NTS's special tax investigation of Yang and YG Entertainment for about six months from mid-March to the end of August.

    According to the tax assessment agency, the NTS decided earlier this month to end its special tax investigation on Yang and YG Entertainment and impose taxes amounting to about 6 billion won (USD 5 million), including corporate and income taxes.

    However, it is understood that the National Tax Service did not charge Yang and YG Entertainment with tax evasion other than collecting huge amounts of taxes.

    It is analyzed that the National Tax Service has found no clear suspicion of tax evasion, even though it had turned the tax probe into a tax evasion investigation.


    The National Tax Service conducted a special tax investigation on Yang Hyun Suk and YG Entertainment for approximately six months starting this March until late August. After wrapping up the investigations early this month, the National Tax Service decided to charge additional fees that total up to 6 billion won (approximately $5.1 million). The amount includes corporate taxes and income taxes.

    However, Yang Hyun Suk and YG Entertainment were not fined for suspicions of tax evasion. It appears that the National Tax Agency did not find any clear evidence of tax evasion during the investigations.
     
    #5 VIPiggy, Sep 16, 2019
    Last edited: Sep 16, 2019
  6. HardcoreBLINK

    Joined:
    Jan 17, 2019
    Messages:
    11,429
    Likes Received:
    9,644
    Currency:
    10,000
    Yhs has earned this fair & square lol
     
    oceaneyes likes this.
  7. KawaiiSamii

    KawaiiSamii Trendsetter

    Joined:
    May 18, 2016
    Messages:
    4,981
    Likes Received:
    10,739
    Currency:
    4,900
    Yes dude we know they did not get charged for tax evasion. I think this something else. I am waiting for an update from OHMES. Even if this was true it doesnt matter. Its only 5 million. iKON can make that back in like 5 - 10 concert dates

    Thanks though
     
  8. zensation

    zensation Super Rookie

    Joined:
    Jun 25, 2018
    Messages:
    1,217
    Likes Received:
    1,061
    Currency:
    1,200
    Blinks, save your $$$, cuz if YG return all $$$ to Loius, their shares will be sold to public, its time for u to buy the shares before we Army buy all shares and take control of your fave, especially controlling when your fave comeback, u can show more respect to us started from today okay ;)
     
  9. HardcoreBLINK

    Joined:
    Jan 17, 2019
    Messages:
    11,429
    Likes Received:
    9,644
    Currency:
    10,000
    Lol BP world tour is going to make 60M USD with 36* dates so calm down lol
     
  10. transparent

    transparent Super Rookie

    Joined:
    Dec 3, 2016
    Messages:
    1,210
    Likes Received:
    3,120
    Currency:
    1,200
    I love this song :siptear:
     
  11. MonoMono

    MonoMono Rookie

    Joined:
    Jun 4, 2019
    Messages:
    765
    Likes Received:
    2,693
    Currency:
    700
    Sis that’s the overall gross revenue not the gross profit
     
  12. ratna_drew

    ratna_drew Super Rookie

    Joined:
    Jul 20, 2019
    Messages:
    1,079
    Likes Received:
    928
    Currency:
    1,000
    if only the preparations (venues, props, staffs, etc) are free...
     
  13. TwicePower

    TwicePower Rookie

    Joined:
    Aug 22, 2018
    Messages:
    746
    Likes Received:
    1,927
    Currency:
    800
    Occupation:
    No
    Location:
    Australia
    didn't you see the post the other day YG's profit was negative the first half of 2019. chances are whatever BP's earnt is all spent to cover the companies expensives
     
  14. KawaiiSamii

    KawaiiSamii Trendsetter

    Joined:
    May 18, 2016
    Messages:
    4,981
    Likes Received:
    10,739
    Currency:
    4,900
    Is HardcoreBlink here? I got girlie blocked. If they posted a valid source or anything that can add to the discussion that isnt some random stuff then can you post it so I can see it.
     
  15. zensation

    zensation Super Rookie

    Joined:
    Jun 25, 2018
    Messages:
    1,217
    Likes Received:
    1,061
    Currency:
    1,200
    Learn Math corectly please
    Do u think all revenues will be straight into YGE bank accounts lmao
    They have to share with
    1. Sponsors
    2. Arena +++
    3. Investors ( all share holders including Louis )
    4. BP members
    5. Employers
    6. YGE bank account ( This money that used to pay all Louis investment back )
    7. The others ( tax +++ )
    Except all revenues will be donated to YGE bank accounts, The question Who will be crazy enough to do charity ? :D
     
  16. Limca

    Limca Celebrity

    Joined:
    Aug 28, 2018
    Messages:
    3,872
    Likes Received:
    6,572
    Currency:
    3,800
    Occupation:
    weird clown
    Location:
    sewers
    all he needs is a pink punk comeback :)
     
    HardcoreBLINK likes this.
  17. ExoticPride

    ExoticPride ❂Snake Lord❂
    .

    Joined:
    Nov 26, 2017
    Messages:
    13,869
    Likes Received:
    55,413
    Currency:
    11,500
    Occupation:
    ♛ʀᴏʏᴀʟᴛʏ sᴛᴀɴ ♛
    Location:
    ᴇxᴏ's ᴄʟᴏsᴇᴛ
    lol a colorcolor comeback cant event save his poor ass ... he better star gambling that money if he want to pay that debt :)
     
  18. Limca

    Limca Celebrity

    Joined:
    Aug 28, 2018
    Messages:
    3,872
    Likes Received:
    6,572
    Currency:
    3,800
    Occupation:
    weird clown
    Location:
    sewers
    gambling is uncertain but pink punk's impact is certain
    All he needs to do is to milk them like that ajhussi did with that local group :)
     
    HardcoreBLINK and Joshy0714 like this.
  19. transparent

    transparent Super Rookie

    Joined:
    Dec 3, 2016
    Messages:
    1,210
    Likes Received:
    3,120
    Currency:
    1,200
    Honestly If i were YG id gamble the rest of my money so i have a chance to be able make money to pay them back,and if i lose, w/e, cause ill be going to prison soon anyways
     
    GrapeGrope likes this.
  20. ExoticPride

    ExoticPride ❂Snake Lord❂
    .

    Joined:
    Nov 26, 2017
    Messages:
    13,869
    Likes Received:
    55,413
    Currency:
    11,500
    Occupation:
    ♛ʀᴏʏᴀʟᴛʏ sᴛᴀɴ ♛
    Location:
    ᴇxᴏ's ᴄʟᴏsᴇᴛ
    if only he had a local GG, that ajushii cant milk them with just spam streams for chinese bots he cant pay anymore :)
     
    rockford and Armedryu like this.

Share This Page

  • Quick Links

    Open the Quick Navigation

  • Like us on Facebook