Samsung Founding Family To Donate Massive Art Collection As $10 8 Billion Inheritance Tax Looms artfixdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from artfixdaily.com Daily Mail and Mail on Sunday newspapers.
Wednesday, 28 Apr 2021 07:06 PM MYT
Samsung Electronics chairman Lee Kun-hee s daughters, Lee Boo-jin (centre), Lee Seo-hyun (left) and his only son Samsung Electronics chief operating officer Jay Lee are seen after the Ho-am prize award ceremony in Seoul in this June 1, 2012 file photo. Reuters pic
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SEOUL, April 28 The heirs to South Korea’s Samsung group announced their plans to pay more than US$10 billion (RM41 billion) in death duties today one of the world’s biggest-ever inheritance tax settlements and donate an art trove including works by Monet and Picasso.
Facing $11B tax bill, Samsung heirs donate massive art trove - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
In this April 22, 2008, file photo, Samsung Group former Chairman Lee Kun-hee speaks during a press conference at the Samsung Group headquarters in Seoul. (AP Photo)
SEOUL Samsung’s founding family will donate tens of thousands of rare artworks, including Picassos and Dalis, to help them pay a massive inheritance tax bill following last year’s death of company chairman Lee Kun-Hee.
They will also give hundreds of millions of dollars to medical projects and research in an apparent attempt to improve their public image as they proceed with a multiyear plan to inherit both the wealth and corporate power of South Korea’s richest-ever businessman.
Family of late Samsung Chair Lee Kun-hee to foot hefty inheritance tax bill trbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trbusiness.com Daily Mail and Mail on Sunday newspapers.