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# Mr. B was registered as a delinquent taxpayer for not paying the capital gains tax on the land he sold, despite having received the funds. Anticipating that the tax authority would seize an expensive apartment owned by his mother after her death which he would inherit, Mr. B negotiated with other heirs and relinquished his share of the inheritance of the apartment. Instead, he arranged for the other heirs to pay cash to his spouse. The National Tax Service indicted Mr. B, the other heirs, and Mr. B’s spouse as collaborators in tax evasion for hiding the inheritance property.
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, ‘ The National Tax Service announced on the 14th that it is pursuing asset tracing against 641 delinquents who have avoided tax collection using intelligent methods such as hiding assets with difficult-to-confirm artworks through real estate registration agencies or giving up inheritance shares.’,
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, ‘ The National Tax Service first caught 41 delinquents who hid their assets by purchasing artworks of famous artists in others’ names or investing in newly emerging investment products. Among the delinquents were cases where they invested in new investment products like art consignment rental (where investors purchase artworks and receive profits by entrusting them to a consignment company) and music royalty securities (where investors purchase music copyrights and receive royalties).’,
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, ‘ 285 delinquents who cunningly avoided forced seizure using unconventional methods were also caught. Various intelligent methods were employed, such as providing guarantees for family or friends’ debts, paying off debts for them and not deliberately exercising foreclosure rights against capable family or friends, or transferring golf memberships and other assets to special relationships in anticipation of delinquency.’,
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, ‘ Additionally, the National Tax Service identified 315 delinquents who have been living luxurious lives while evading tax payments. In the case of Mr. C, who operates an internet gambling site, he underwent a tax investigation for failing to report his income and did not pay comprehensive income taxes. Mr. C used profits from the gambling site to purchase high-end homes and commercial properties in the names of his brother-in-law and sister-in-law. He also transferred ownership of his own apartment to his brother-in-law preemptively to guard against seizures.’,
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, ‘ The National Tax Service stated that it seized 1.08 trillion won worth of virtual assets due to tax delinquency since 2021, of which 946 billion won has already been collected in cash. Starting from this month, the National Tax Service will begin direct sales of the seized assets to cover 1.1 billion won of delinquent taxes and plans to continue selling and collecting the remaining 12.3 billion won. The National Tax Service achieved a record result by collecting a total of 28 trillion won through asset tracing investigations of high-value and habitual delinquents last year and encouraged the public to actively report using the publicly available list of high-value and habitual delinquents on the National Tax Service website and other channels.’,
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