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[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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Prosecutors seek 5-year prison term for Samsung chief in merger retrial
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UN talks on plastic pollution treaty begin with grim outlook
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Netflix under probe in Korea over potential tax avoidance
By Shim Woo-hyunPublished : Aug. 27, 2020 - 15:01
Netflix’s regional office in South Korea is being investigated for alleged tax avoidance, according to industry sources on Thursday.
The National Tax Service made its first visit to the Netflix‘s office in Seoul and launched a probe on Wednesday.
The NTS suspects the global streaming giant might have intentionally avoided paying tax by reporting fiscal deficits after sending large-sized management consultation fees to the company‘s US-based headquarters.
Netflix’s officials confirmed that the NTS made a visit on Wednesday, and added that the company cooperated fully with the investigation.
By Shim Woo-hyun (ws@heraldcorp.com)
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