Samsung’s Heir Have to Pay an Approximately $12 Billion Dollar Tax
Could you imagine having to pay this much in taxes:
The scions of Samsung Group, South Korea’s top conglomerate, are likely to unveil a plan this week on how to finance their massive inheritance tax, which includes the donation of late group chief Lee Kun-hee’s art collections.
The senior Lee, who was South Korea’s richest man, left more than 22 trillion won ($19.6 billion) worth of assets, including stocks valued around 19 trillion won.
Lee, who died in October last year at age 78, was survived by his wife, Hong Ra-hee, only son, Jae-yong, and two daughters — Boo-jin and Seo-hyun.
Lee’s family members are expected to pay around 12 trillion won in inheritance taxes for the late chief’s assets.
They have to report and pay inheritance taxes to local authorities by the end of this month.
Korea Herald
You can read more at the link, but you know a tax bill is high when Samsung heirs are even having trouble trying to pay it.
The Commie moon government is looking forward to this chunk of change. Probably use it for a 4th bailout.
Inheritance taxes (also called death taxes) are how commie governments encourage rich people to emigrate.