Golf and Taxes in South Korea
Hacker, Randi
Hacker, Randi
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Abstract
Broadcast Transcript: Bad news for golf mad South Koreans: forget about teeing off if you tee off the National Tax Service. The NTS is cracking down on tax cheats by revoking memberships in pricey golf clubs. Do the math: if you can afford the steep club fees (two to three hundred thousand for a mid-level club, as much as one million dollars for one at the top level) then you should be able to pay the government. If you don't pay, you can kiss your membership goodbye. In 2007, the government confiscated 1,720 memberships, sold them to the public and generated tens of millions in won, which is what the Korean monetary unit is called. You might say these tax dodgers are playing won under par. #ceas #hacker #SouthKorea
Description
This is one of hundreds of 60-second radio spots created by the Center for East Asian Studies (CEAS) for Kansas Public Radio (KPR). The purpose of this outreach program is to introduce the people of Kansas to the culture and current issues of East Asia.
Date
2009-08-05
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Publisher
Center for East Asian Studies, University of Kansas
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Research Projects
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Keywords
South Korea, Golf, National Tax Service, Tax Dodging