High-end GM imports could face ramped-up Korea tax scrutiny.
GM Korea acknowledges its financial affairs are under investigation by South Korea’s National Tax Service. The probe begun last month also includes Volvo Korea and other foreign-owned companies, in addition to General Motors’ Korean subsidiary. “The investigation is just a regular investigation by NTS,” a GM Korea spokesman tells WardsAuto. “Such an investigation is known to take about six months in general. It is regular that NTS conducts an investigation ...
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