April 28 - 11:04
Samsung's heirs will pay over $10.8bn in inheritance taxes
The family of late Samsung Electronics Chairman Lee Kun-hee will have to pay over $10.8 billion in inheritance tax for his estate. They have said that they will donate his renowned private art collection to state curators to facilitate the inheritance. The heirs will pay the full amount in six instalments over the course of the next five years. The first of them is due this month.
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