Social Insurance [What You Need to Know to Stay Safe] Supposedly “Legal,” but Your License Could Be Revoked… The Reality of Social Insurance Schemes Targeting Self-Employed Individuals and the Penalties Involved
A thorough explanation of the risks hidden in tax-saving schemes that claim, “Enrolling in social insurance is cheaper than National Health Insurance.” Enrolling in social insurance through nominal corporate officer registrations or fictitious outsourcing arrangements can lead to retroactive revocation of eligibility, as well as hefty back payments and medical expense reimbursements. What are the proper precautions sole proprietors should take?