Business
Samsung family donates mass art trove to help pay $14 billion tax bill – Sydney Morning Herald
Samsung’s founding family will donate tens of thousands of rare artworks, including Picassos and Dalis, and give hundreds of millions of dollars to medical research…
Samsungs founding family will donate tens of thousands of rare artworks, including Picassos and Dalis, and give hundreds of millions of dollars to medical research to help them pay a massive inheritance tax following last years death of chairman Lee Kun-Hee.
The Lee family, including his wife and three children, expects to pay more than 12 trillion won ($13.9 billion) in taxes related to inheritance, Samsung said on Wednesday. This would be the largest-ever amount in South Korea and more than three…
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