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Korea has zero crypto taxes and cheaper cost of living - not a major factor in my decision
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Are you not being pursued by the Korean tax authorities for over $78m in unpaid business taxes? Singapore has lower business taxes and zero capital gains tax. Your ex-dev also mentioned Korean tax officials were 'harassing' employees in your office. Come on now...
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We have no outstanding tax liabilities in Korea The NTS did conduct a tax audit across all the major crypto cos with a presence in Korea and applied Korean tax code to foreign mother companies, and every company ended up paying as a result - we paid in full Not unique to TFL
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Very interesting - that's completely contrary to what the media says, but thank you for the information. It would be awesome if you could post more details/evidence of this at some point.
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Understand why this would be interesting to look at for gossip but not sure if its relevant to anything thats going on Korean govt needed money to shore up covid spending, creatively charged millions from crypto companies, and we paid our share in full - all there is to it
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What about reports that you could be summoned to a parliamentary hearing by Yun Chang-hyun -- or the supposed pending lawsuit against you by LKB & Partners?
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Happy to engage with any lawsuit or regulatory inquiry to the best of our ability - we have nothing to hide.
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