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A famous entertainment agency fined $2 million for tax evasion

Posted by yckim124764 pts Wednesday, September 12, 2018
misc.
A famous entertainment�agency has been fined for tax evasion.�

According to the�National 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 transferred�revenue 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.�
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