Korean Job Discussion Forums

[Real Reality]

Income Tax to Be Levied on Bribes
Under the revision, politicians and public officials who receive money as bribes or for influence-peddling are subject to pay income tax on the bribes. Currently, bribes for politicians and officials are not the subjects of taxation.

Meanwhile, an ad hoc advisory committee on political reform under the National Assembly speaker said that it is considering revising the Political Fund Law to allow individuals or supporter groups to donate up to 300 million won ($300 million) to a lawmaker a year. The ceiling on supporters associations' donations to parties' head offices is expected to remain at five billion won, Kim Kwang-ung, chairman of the advisory committee, said.
by Jung Sung-ki, Korea Times (April 22, 2005)
http://times.hankooki.com/lpage/nation/200504/kt2005042217230511990.htm

[Guri Guy]

I have heard of instatutionalized corruption before but this is ridiculous. A third world country in first world trappings. *sigh*

[mindmetoo]

I think it's a move that's akin to a "holding charge". Sometimes tax evasion is the best charge that can stick. They got Al Capone on tax evasion.