The National Tax Service has seized a total of 8.1 billion won in assets from 124 high and habitual tax delinquents, including cash found in luxury bags during investigations.
In a significant operation, the National Tax Service (NTS) of South Korea revealed its efforts to crack down on high-value tax delinquents, resulting in the seizure of 8.1 billion won worth of assets. The authorities discovered 100 million won in cash hidden within a Chanel bag that was thrown during a scuffle with NTS officials. This incident highlights the lengths to which some individuals will go to hide their wealth and evade tax obligations, including the case of one delinquent who had concealed their real estate capital gains tax by transferring wealth to family members while living lavishly.
