Lee Jae-myung "Tax Investigation on Businesses Discriminating Against Disaster Basic Income and Cash"

[Suwon Ilbo=Park Nohun Reporter] Gyeonggi Province Governor Lee Jae-myung has moved from "warning" to "action" against businesses that discriminate between disaster basic income and cash. He is launching tax investigations as previously announced.

Governor Lee announced through his SNS on the 21st that he will "conduct tax investigations on businesses discriminating between disaster basic income and cash." This is putting into practice the warning he issued through his SNS previously.

The governor stated, "As mentioned before, I will commence tax investigations on five years of local income tax for 15 businesses identified as discriminating between disaster basic income (regional currency cards, etc.) and cash beginning June 2. Discrimination through various card transactions (credit cards, regional currency cards, debit cards, prepaid cards, etc.) in terms of value-added tax fees, discounts, or other pretexts will result in criminal punishment (imprisonment of up to one year), revocation of credit card merchant status and disaster income handler qualifications, and will become grounds for tax investigation," he said.

He added, "Criminal charges against the 15 already-identified businesses, and cancellation of credit card and regional currency merchant status have been implemented immediately, but tax investigations will begin on June 2 due to preparation procedures."