For Samsung heirs, little choice but to grin and bear likely US$6bil tax bill


  • TECH Premium
  • Monday, 09 Jun 2014

SEOUL: The heirs of ailing Samsung Group patriarch Lee Kun-hee face one of the biggest inheritance tax bills ever, and appear to have little option but to pay up. 

By some calculations, Lee's 45-year-old son Jay Y. Lee, the group's presumed heir apparent, and his two sisters could be on the hook for about US$6bil (RM19.18bil) in tax under South Korea's top level inheritance tax rate of 50%. 

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