Korean Tax Authorities Launch Audit of Largest Law Firm Kim & Chang

The National Tax Service (NTS) has launched an audit of the country's largest law firm, Kim & Chang, over tips that the firm may have avoided paying taxes, tax officials said Monday. NTS officials played down the probe, but some industry sources raised speculation that the audit is related to ongoing investigations into Samsung Group or Lone Star Funds. NTS officials visited the law firm last week. It was reported, however, that the firm refused to to be audited and pushed the meeting with the NTS to the next day. The NTS said that it could not confirm whether individual lawyers had been audited

Korean Tax Authorities Launch Audit of Largest Law Firm Kim & Chang koreatimes.co.kr Wed, Feb 6, 2008