Korean Authorities Vow to Crackdown on Youtube Tax Evasion

For people who live in Korea and are making money from Youtube channel monetization, then yes they should be paying their taxes.  Anyone want to make a bet that every conservative with a Youtube channel will be audited to make sure they are paying taxes?:

Korean tax authorities are vowing to crack down on high-earning YouTubers to ensure that they are paying their taxes in full.

Last month, National Tax Service (NTS) Commissioner Han Sung-hee promised to take measures to “prevent tax evasion” by well-paid YouTubers during the National Assembly’s annual questioning session.

Han said that while the NTS had only advised 513 YouTubers to pay income taxes in the past, it was open to launching investigations into those who have not voluntarily declared taxes.

Starting in October, the tax authorities have been looking into YouTubers’ tax returns and verifying their authenticity. The NTS plans to finish verifications by the end of the year and launch investigations into suspicious individuals from next year.

“We are now collecting information on YouTubers who are suspected of not paying taxes,” said one tax official who requested anonymity. “We receive records on individuals who earn over $10,000 in foreign currency per year from the Bank of Korea.”  [Joong Ang Ilbo]

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