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Samsung's Lee family to pay more than $10.8 billion tax, donate art


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. ....

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Samsung's Lee family to pay more than $10.8 bln tax, donate art


Publishing date: Apr 27, 2021  •  1 hour ago  •  3 minute read  • 
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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.
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Samsung s Lee family to pay more than $10.8 bln tax, donate art Back to video ....

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