US EditionTax planning or tax evasion? Cha Eun-woo's case centers on shell company
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Tax planning or tax evasion? Cha Eun-woo's case centers on shell company
Singer and actor Cha Eun-woo’s alleged 20 billion won tax dispute (about $15 million) is now being closely examined through a technical lens to see whether a company from which he derived income had real business substance or existed only on paper. The issue was discussed on the CBS Radio program “Park Sung-tae’s News Show” on the 27th, where tax accountant Lim Soo-jung looked at core legal questions surrounding the case. According to Lim, the N…
Actor Cha Eun-woo [Cha Eun-woo SNS] As the controversy surrounding singer and actor Cha Eun-woo's alleged 20 billion won tax evasion spread like wildfire, his agency Fantagio once again issued a statement, asking for "refraining from over-interpreting the allegations." In a statement released on the 27th, Fantagio stated, "Recently,
Actor Cha Eun Woo has recently caused a stir in the South Korean public by finally speaking out, after he was suspected of committing large-scale tax evasion worth Rp230 billion.
CHA EUNWOO FACES 20 B WON TAXES EVADED... IF 'INTENTIONAL TAX EVASION' IS PROVEN, HE COULD FACE FINES UP TO 5X THE AMOUNT AND IMPRISONMENT
https://lawtalknews.co.kr/article/IPAN247B4U90What happens if intent is proven?If the National Tax Service determines Cha Eunwoo's actions constituted intentional tax evasion, the case will proceed to prosecution for violation of the Tax Crime Punishment Act. The legal provisions applied at this stage far exceed the standard penalties under the Tax Crime Punishment Act.In Cha Eunwoo's case, the evaded tax amount is estimated to be in the tens of…
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