*This content was translated by AI.
Actor and singer Cha Eun-woo has been embroiled in allegations of income tax evasion worth 20 billion won, making headlines every day. Among them, a tax accountant, a former National Tax Service investigator, analyzed that the target of the National Tax Service was Fantagio, an agency.
Moon Bo-ra, a former investigator at the Seoul Regional Tax Office, posted a video on her YouTube channel on the 24th to analyze Cha Eun-woo's alleged evasion of 20 billion won.
"There is no problem with the structure itself of establishing a corporation to share profits, but the National Tax Service viewed corporation A, owned by Cha Eun-woo's mother, as a paper company without substance," explained tax accountant Moon, looking at the core of the controversy.
In addition, regarding corporation A's transition from a "stock company" to a "limited liability company," tax accountant Moon said, "Limited liability companies are not obligated to disclose and are not subject to external audits. The National Tax Service would have judged this as a choice to avoid surveillance and hide something, not just tax savings."
"The original target was (Cha Eun-woo's) agency Fantagio. "When I was looking at the ledger of Fantagio, the largest body, I found that a large amount of money flowed to the eel restaurant in Ganghwa Island, and the substance was Cha Eun-woo," he said.
Another big fish was caught in the net trying to catch a big fish. A tax investigation does not mean that you are not caught just because you are careful, but if you have a long tail, you will be stepped on," he pointed out.
Recently, it was revealed that Cha Eun-woo was notified of more than 20 billion won in tax collection by the National Tax Service, which caused a big stir. In the first half of last year, it was reported that it was investigated by the Seoul Regional Tax Office on tax evasion charges.
In particular, the National Tax Service judged that tax evasion was carried out through corporation A established by Cha Eun-woo's mother. Cha Eun-woo reportedly worked in a structure in which his agency Fantagio and his mother's corporation A signed a service contract to support entertainment activities, and the profits were divided and attributed to Fantagio, the corporation, and Cha Eun-woo.
The National Tax Service believes that corporation A was deemed inappropriate to perform entertainment management tasks and used a trick to disperse income through a non-substantial "paper company." Cha Eun-woo signed a service contract with a separate family company in addition to his existing agency Fantagio, which was applied with a lower corporate tax rate of more than 20 percentage points instead of the income tax rate of 45 percent.
In this regard, Fantagio said, "The main issue is whether the corporation established by Cha Eun-woo's mother is subject to real taxation," adding, "It is not currently finalized and announced, and we will actively explain issues related to legal interpretation and application in accordance with due process."
Cha Eun-woo joined the army in July last year and is currently serving as an army military band.
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*This content was translated by AI.
