Friday, 12 March 2021

[theqoo] THE REASON WHY U-KNOW YUNHO TOOK OVER A FAILED CORPORATION AND BOUGHT THE BUILDING

"5. In order not to be subject to the heavy acquisition tax

The requirements for and not receiving the acquisition tax are as follows:

- Establishment or relocation of a corporate headquarters outside a large city, or

- Five years have elapsed since the establishment or relocation of a corporate headquarters in a large city, or

- Real estate must be acquired outside of a large city

- Or registration as a rental business in accordance with the Special Act on Private Rental Housing"

When he bought the building in Seoul, those were the ways to reduce tax


"For example,
If you buy a building that costs 3,000,000,000 won for general real estate other than a house,

An acquisition tax of 3,000,000,000 won x 4.6% = 138,000,000 won shall be paid by applying the standard tax rate of 4.6% to the actual purchase price of the building.

If a corporation that hasn't been established for five years buys real estate in the Seoul metropolitan area and in the restricted area,

Due to the heavy acquisition tax, a heavy tax rate of 9.4% will be applied to the actual purchase price of the building.
A tax of 3,000,000,000 won x 9.4% = 282,000,000 won will be applied in excess of the acquisition tax.

As long as the corporation hasn't been established or relocated in less than 5 years, they will have to pay around 2x more tax.

Even though a lot of time has passed, if you acquire an old failed corporation, you can buy it by paying 2x less tax (the 2nd requirement)"

In conclusion, it's not illegal but it's true that it's cheating

As for Rain and Kim Taehee, they established a corporation in Gyeonggi-do (1st requirement)

original post: here

1. Corporate tax cuts are for business use, or productive use, so it's a system for businesses. Leaving a five-year period would be a restriction to prevent the use of buildings for tax evasion and building speculations. Those who call this legal taxation may want to think about what the legislative purpose is in the first place

2. I'm not trying to shield him because he's U-know Yunho but there are kids who are shielding celebrity on every property-related articles. That's because most of celebrities do it....

3. So he's just a tax evader bugㅋㅋ

4. So, you didn't take over a corporation to do your business, and just put it as a paper company to pay less tax? I get that he's taking advantage of the loopholes in the laws but his intentions are too obvious (T/N: A shell company/paper company is a type of company that only exists on paper, allowing the person who uses it to funnel money through it and avoid paying taxes. Typically, this type of corporation has a legal existence but provides few or no actual products or services.)

5. There was always only a paper-thin difference between evading tax and reducing taxㅋㅋㅋㅋ If he doesn't get caught, it's "tax reduction" and if he gets caught, it's "tax evasion"

6. A mess

7. So it's kind of like a paper company?

8. The shields are crazyㅋ

9. Today feels like the day where I got to see U-know Yunho's full bare face

10. To be honest, even though people call it a "tip to reduce taxes", it's only like this because there's no law against it. I just think of this as a moral hazard... It kinda sucks

11. Destruction upon destruction

12. People are calling this "tax reduction"ㅋㅋㅋ

13. People were bragging about his personality saying how he didn't buy any property and was building a schoolㅋㅋ people who buy properties are all the same

14. His image making is f*cking strong

15. Whether it's a paper company or not, he's evading taxes


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