Samsung Heir Will Face Multi-Billion Dollar Inheritance Tax Bill
This is going to be quite the tax bill for whoever takes over Samsung after the death of Lee Kun-hee:
As Samsung chief Lee Kun-hee passed away, his heirs, including his only son, Jae-yong, and his sisters will shoulder a record high amount of inheritance tax, industry sources said Sunday.
Lee Kun-hee, who led South Korea’s top family-controlled conglomerate Samsung Group, died at a hospital in Seoul on Sunday at age 78, leaving behind stock assets of some 18 trillion won (US$15.9 billion).
The senior Lee is survived by his wife, Hong Ra-hee, and only son, Jae-yong, and two daughters — Boo-jin and Seo-hyun.
Korea Biz Wire
You can read more at the link, but the article says the tax bill will be about 10 trillion won which is about $9 billion dollars.
So the cost to live under commie moon pie if you aren’t his bestest buddy is $9 billion… Doubt I will ever live (or die) there…
Taxing 2/3 of an estate doesn’t sound ghoulish or corrupt, right? It’s not as if Moon and his minions are actually “eaters of the dead”…
www dot koreaexpose dot com/why-south-koreans-crave-human-flesh/
Fatty will get paid with this tax money.