Stay updated with breaking news from Lee sang hun. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Samsung s Lee family to pay more than $10.8 billion tax, donate art By Joyce Lee and Heekyong Yang Reuters SEOUL (Reuters) -The family of late Samsung Electronics chairman Lee Kun-hee said on Wednesday they will pay more than 12 trillion won ($10.8 billion) in inheritance taxes for his estate and donate his vast private art collection to state curators. Lee, who is credited with transforming Samsung into the world s largest smartphone and memory chip maker, died on Oct. 25 with an estate valued at around 26 trillion won. The Lee family s handling of the hefty inheritance tax bill - one of the largest-ever in Korea and globally - has been closely watched as it could have resulted in the dilution of the family s controlling stake in Samsung. ....
Publishing date: Apr 27, 2021 • 1 hour ago • 3 minute read • Article content SEOUL The family of late Samsung Electronics chairman Lee Kun-hee said on Wednesday they will pay more than 12 trillion won ($10.8 billion) in inheritance taxes for his estate and donate his vast private art collection to state curators. Lee, who is credited with transforming Samsung into the world’s largest smartphone and memory chip maker, died on Oct. 25 with an estate valued at around 26 trillion won. We apologize, but this video has failed to load. Try refreshing your browser, or Samsung s Lee family to pay more than $10.8 bln tax, donate art Back to video ....
Samsung's Lee family to pay more than $10.8 bln inheritance tax - aysor.am aysor.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aysor.am Daily Mail and Mail on Sunday newspapers.
There was also significant public interest amid calls for Mr Lee’s $1.76bn art collection to stay in South Korea, and reports the family planned to make a large donation to make reparations for Mr Lee’s conviction on tax evasion and embezzlement charges more than a decade ago. The family said they planned to pay the tax bill over a period of five years in six instalments, starting this month. “It is our civic duty and responsibility to pay all taxes,” it said in a statement released by Samsung. Shares in Samsung C&T shares dropped as much as 5.5 per cent, however, as the statement provided no detail on how Mr Lee’s shares would be distributed, if any shares would be sold, nor specifics on how the family planned to fund the payments. ....