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Foreign firms' tax evasion amount more than doubled since 2018

Foreign businesses have been increasingly engaged in tax evasion over the past four years, with the amount of unpaid taxes more than doubling between 2018 and 2021 to almost 200 billion won, data showed Monday. Compiled by the Korea Customs Service (KCS) and released by Rep. Yang Ki-dae of the main opposition Democratic Party of Korea (DPK), the data showed foreign firms evaded paying 199.1 billion won ($138.8 million) in taxes in 2021, up from 110.4 billion won 2020, 101.7 billion won in 2019 a...
South Korea Democratic Party Of Korea Korea Customs Service National Tax Service Yang Ki Dae Democratic Party

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