A National Legal-Action Antismoking Organization
Entirely Supported by Tax-Deductible Contributions
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Action on Smoking and Health
A National Legal-Action Antismoking Organization Entirely Supported by Tax-Deductible Contributions
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Korea: Cigarette Firms Fined for Tax Evasion [08/01-1]
Excerpts from: Foreign Cigarette Firms Fined W13.2 Bil. for Tax Evasion
The
Korea Times [07/31/03]
Three major foreign cigarette makers have been ordered to pay 13.2 billion won
in penalty taxes for alleged tax evasion.
BAT Korea, Philip Morris Korea and JTI Korea were alleged to have deflated import
prices in an attempt to pay less tax, according to the tax office.
The three got fines of 3-5.5 billion won for tax dodging between July in 2001
and June this year. The firms underreported import costs by excluding packaging,
transportation and advertising fees, the tax office said.
The tax evasion comes after South Korea decided to raise tariffs by 10 percentage
points each year from July in 2001 to 40 percent.
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