South Korean watchdog reportedly fines  Terraform Labs $78M for tax evasion

South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion

According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country. Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early reports of a possible congressional hearing and an investigation from 'Grim Reapers' financial crimes unit, the crypto firm has now come under the radar of the national tax agency.According to a report published in Naver news, South Korea’s national tax agency has slapped the....


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