How South Korea names and shames tens of thousands of tax-dodgers every year
|12/15/2017||Posted by BusinessMediaguide.Com under General World News||
- South Korea releases the names of its tax-dodgers every year.
- The country has a pervasive ‘shame culture’ where saving face is extremely important.
- The hope is that each “tax defaulter” will be named and shamed into paying the government what they owe.
More than 6,000 companies and 15,000 individuals have failed to pay taxes this year that amount to $10.4 billion, according to South Korea’s list of tax-defaulters published this week.
The list is released annually, and this year included the names of all entities that have yet to pay taxes, exceeding $180,000 including several local celebrities and a former chairman of the read more >>>