594 Certificate of Inno-Biz (1) – Part 1

Gun-Ho was thinking about the corporate tax that he would have to pay.

'GH Development wouldn't be imposed on corporate tax at all, or the amount should be nominal since it's not generating any profit. But the problem is Dyeon Korea. It's generating a significant amount of profits, and they are being accumulated in the reserve.

If I just let it be as it is now, we will have more than 10 billion won in the reserve by the end of this year. If I assume the corporate tax is 22%, the government will take 2.2 billion won out of 10 billion won. If we make even more by working harder and generate 100 billion won, we will have to give 22 billion won to the government. To make the situation worse, say, the workers form a labor union, and claim that they are entitled to a piece of the pie since the company is making a lot of money because of their hard work, then I will have to give away part of the profits.