[Korea Seo Hye Rin nine financial newspaper reporter] Financial Investment Association has refuted claims that for large enterprises could be exploited to transfer the securities to tax avoidance cheoro currency. The current regulations on securities are not able to directly remit foreign currency abroad is not related to recent trends and increasing tax funds once the features of large enterprises. In addition, even if the foreign exchange remittance business, as required by securities regulations pulley because it will be subject to the same regulations as banks and securities firms that principle is alleged that Lee be 'large counter tax evasion.
The last 5 days all domestic media have found an article with the subtitle of "foreign exchange brokerage business permit after four years once the feature transfer tax over 25 trillion. According to the article content, it features large tax once the funds have had 4000000000000 increased significantly to 581.6 billion won in 2012, last year also reached 4.0452 trillion won. In the article content in the subtitle read nuance that does not gotta express yourself, foreign exchange brokerage business in 2012 and allowed the trend of engagement.
The Financial Investment Association to distribute press materials refer the 7th said 'Guess transfer point for offshore tax evasion of the company's securities will be a failure. " According to the Korea Financial Investment Association, the foreign exchange business in 2012 allowed the securities will only expand if and only work related to IB tasks. So can not the brokers' foreign exchange remittance business.
Before 2012, but foreign exchange business of securities companies is limited to only some services, such as currency exchange investments such as stocks and bonds, from 2012 to arrange for foreign securities, acquisitions, currency exchange related to the intermediary, arranging and agency services such as corporate finance business of M & A up has been expanded. However, it is not possible to transfer foreign currency securities is directly depending on the foreign exchange regulations and the Foreign Exchange Law Enforcement Ordinance, in order to remit foreign currency abroad must deal with the bank.
On the other hand, the article has' securities overseas remittances, such as when an expanded foreign exchange business comes the concern that illegal transfer of enterprises to further expand the industry demand, '' remit import and export price and foreign direct investment payments etc. via a series securities directly If you will be monitoring blind spots, '' there is not a sufficient monitoring yirwojiji securities can be exploited to counter offshore tax evasion and concealment of large property 'emerge this content.
It is that many brokerage firms can offshore tax evasion by large corporations rely on brokers as because large companies.
The gold tuhyeop is the assumption that "most other large brokerage Mirae Asset treated, NH Investment & Securities, Korea Investment & Securities, KB Investment & Securities, Shinhan Investment is not a conglomerate affiliates, said," Most brokers have a large enterprise to the parent company (offshore raising concerns counter tax evasion), it was emphasized that excessive leap.
Last Friday tuhyeop is raised and the need to mitigate securities regulation, claiming that one of the "allow direct transfer foreign currency. When customers go through a bank transfer of assets that are held in a brokerage account, such as nominal invested abroad, so that the discomfort is described, such as to pay duplicate fees.
The same surveillance gold tuhyeop is' When allow foreign exchange remittance business of securities companies' identical features the same regulatory principles' securities also such as to establish a foreign exchange expertise and infrastructure such as banks that perform a variety of reporting and checking work on an "as He said, "you will receive a 'regulation, atda crucified as" not particularly guess securities is based doeriraneun surveillance blind spots'.
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