It looks like these luxury brands may be the next target of South Korean tax authorities as they finish with Starbucks:
The National Tax Service’s (NTS) special audit of Starbucks Korea could be a warning sign for other multinational corporations here suspected of tax evasion.
Korea Times
The tax probe of the U.S. multinational coffeehouse brand seemed to be an irregular one that the tax agency could have launched against any firm operating in the country suspected of evading tax.
The NTS has been probing offshore tax evasion since the beginning of this year, mainly targeting multinational tech companies and imposing 1.33 trillion won in penalties for tax evasion. Companies generating over 150 billion won in sales are subject to a special audit.
In this case, luxury brands like Chanel and Louis Vuitton could also be targets.
You can read more at the link.
