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South Korea's candidate for tax chief: Will crack down on tax evasion in virtual asset transactions

According to Internet reports, according to South Korea's Yonhap News Agency, South Korea's candidate for the director of the National Taxation Bureau, Yen Kwang-hyun, said at a personnel hearing of the National Assembly Planning and Finance Committee that he would strengthen efforts to crack down on tax evasion through the use of new trading methods such as virtual assets. Lin Guangxuan emphasized that he would establish and improve a virtual asset transaction information collection system to deal with new tax evasion methods in advance. He also plans to strictly prevent anti-social overseas tax evasion and the loss of national wealth by expanding tax information exchange with foreign countries and diversifying overseas information collection channels. In addition, Lin Guangxuan said that he would use artificial intelligence technology to upgrade the tax evasion detection system, automatically extract suspected tax evasion points by analyzing basic data such as financial statements, and at the same time take resolute measures to manipulate stock prices, modify capital transactions by controlling shareholders, and illegally seek personal gain.

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