YG's karma finally got to him
2016-08-24 09:28 am![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
benihime99.livejournal.com posting in ![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
omonatheydidYG Entertainment Gets Fined For Tax Evasion
According to various reports, YG Entertainment has been fined an additional fee following tax investigations.
The Seoul Regional Tax Administration finished their regular tax investigation of YG which started in May. As a result, the agency was fined an additional 3.4 billion won (approximately $3 million). The National Tax Service revealed that they looked into tax evasion regarding YG’s business expansions, foreign branches, and more.
Previously, YG was fined an additional 2.8 billion won (approximately $2.5 million) for employee embezzlement and omitted earnings in 2008.
Last year, YG enjoyed a 23.5 percent increase in earnings with a total sales of 193.1 billion won (approximately $172 million). Their profits amounted to 24 billion won (approximately $21 million) which was a 31.1 percent increase from the year before.
soompi, naver 1, 2
According to various reports, YG Entertainment has been fined an additional fee following tax investigations.
The Seoul Regional Tax Administration finished their regular tax investigation of YG which started in May. As a result, the agency was fined an additional 3.4 billion won (approximately $3 million). The National Tax Service revealed that they looked into tax evasion regarding YG’s business expansions, foreign branches, and more.
Previously, YG was fined an additional 2.8 billion won (approximately $2.5 million) for employee embezzlement and omitted earnings in 2008.
Last year, YG enjoyed a 23.5 percent increase in earnings with a total sales of 193.1 billion won (approximately $172 million). Their profits amounted to 24 billion won (approximately $21 million) which was a 31.1 percent increase from the year before.
soompi, naver 1, 2
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Date: 2016-08-24 08:28 am (UTC)Lee SooMan's #impacT!
Date: 2016-08-24 08:43 am (UTC)#WhosNext
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Date: 2016-08-24 09:08 am (UTC)is employee embezzlement yg keeping the money that employees are supposed to earn?
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Date: 2016-08-24 09:53 am (UTC)PS. I was looking for a gif of YG and pics of infected dicks came out on google O_O Never gonna do that again.
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Date: 2016-08-24 12:10 pm (UTC)Go ahead and call it confirmation bias, but it's been found to be true many-a-time.
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