Samsung Founding Family Will Donate Rare Artifacts

Apr 30, 2021
Samsung Founding Family Will Donate Rare Artifacts

Technology : Samsung's founding family will donate thousands of rare artifacts, including Picasso and Dalis, and billions of dollars for medical research. This will be done to help pay the heavy inheritance tax after the death of Chairman Lee Kun Hee last year. Samsung said that. Lee is survived by his wife and three children, and has to pay more than US $ 10.8 billion as inheritance tax.

This amount is three times the total wealth tax of South Korea last year. The Lee family planned to pay this amount in six installments over the next five years, and also paid the first installment this month. Paying taxes to the Lee family is necessary to increase their control over Samsung's business.

Analysts say that this process may result in a change in the formation of the entire group. In this case, donating a large part of the property will make it easier to pay, as there will be no need to pay taxes on the donated artifacts.

Piyush Verma

Piyush Verma

I am a Blogger and Web Designer.

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