A, who is in her mid-twenties, is the so-called’Young&Rich (meaning young and rich)’ that everyone envy. With assets worth 15 billion won, he has traveled overseas more than 30 times in the past five years while living in a super high-priced house in Seoul. Others drove three supercars (worth 1.3 billion won) that they would never be able to see in their lifetime, and received envy by purchasing large amounts of luxury goods.
![The National Tax Service conducts a tax audit on'Young & Rich', who enjoyed a luxurious life by receiving an expedient gift. The photo is a supercar owned by the survey subjects. [국세청 제공]](https://i0.wp.com/pds.joins.com/news/component/htmlphoto_mmdata/202102/17/212e6b91-87e1-498e-83f7-a6234f8781b9.jpg?w=560&ssl=1)
The National Tax Service conducts a tax audit on’Young & Rich’, who enjoyed a luxurious life by receiving an expedient gift. The photo is a supercar owned by the survey subjects. [국세청 제공]
However, as a result of an investigation by the National Tax Service, the supercar that Mr. A rides was purchased at the expense of his father’s company. The National Tax Service reports that even with assets exceeding 10 billion won, the father created a paper company in the name of his mother and anomalous corporate funds were leaked.
On the 17th, the National Tax Service announced that it will conduct a tax audit on 38 suspected unfair tax evasioners who have lived luxuriously by increasing their property through expedient gifting. In addition, 23 people suspected of tax evasion from tax evasion who made money through illegal ring loans to self-employed and small business owners who have difficulty living due to the novel coronavirus infection (Corona 19) were also listed.
The bankbook of the relatives’ names used by those subject to tax audit as borrowed accounts. revenue
The form of wealthy people who enjoy luxury life by stealing their property is becoming more and more sophisticated. Mr. B, who runs a business, diverted tens of billions of won by diverting cash sales to an account named after his relatives, and creating a ghost company for his spouse to inflate publicity and labor costs. With this money, a child building worth 20 billion won was conveniently donated to their children. In addition, they enjoyed a luxurious life by using the super high-priced residence (3 houses, 7 billion won) as their home.
In particular, residences and small buildings are being used as a new means of tax evasion among property owners. Residence, which is a combination of hotel and officetel, is not considered as a house, so it is not subject to resale restrictions or loan restrictions. For this reason, there were many cases where they were purchased with corporate funds and then used privately. After raising the asset value through remodeling by buying a child building with their children, the remodeling cost was used for the so-called “value add” that parents pay for, “expensive gifting by increasing the value of the asset after gifting.”
In fact, the average wealth of 16 young and rich four-week families who were listed in the survey was KRW 18.6 billion, of which the residence accounted for 4.2 billion KRW and the Little Building 13.7 billion KRW.
The seal stamp used by those subject to tax audit when creating a paper company. revenue
A number of tax evaders who violated the lives of people using the Corona 19 crisis were also caught. Mr. C, who runs an unregistered loan company, made loans up to tens of times more than legal interest (24%) to small merchants, earned interest income, and then bought a shopping mall and operated a clothing company. In addition, he is accused of evading taxes while acquiring a number of apartments in Seoul’s elevated reconstruction apartments in the name of his spouse. D, an unqualified stock expert who earned money by offering stock counseling amid the recent stock craze, was also accused of stealing income by establishing about 10 camouflage companies.
Prior to this, the National Tax Service conducted a planning investigation on 111 high-income businesses, including professional and high-loan building owners, and 103 tax evaders who infringed on public welfare such as illegal lenders and high-income admissions academies, three times last year. .
In their twenties, who used an ATM machine to deduct the expedient donation money. revenue
In particular, in the process, he was caught in his twenties who enjoyed a luxurious life by illegally donating billions of won from his father to create a corporation to buy land, and then return the corporate profits to his relatives’ accounts using an ATM (ATM).
Investigation Bureau Chief Roh Jeong-seok said, “For malicious tax evaders, the entire family was selected as the relevant person, and if a suspected deliberate tax evasion is confirmed, a prosecution will be taken to strict proceedings.”
Sejong = Reporter Kim Namjun [email protected]