The boss of Samsung Group passed away, and he had to pay 60 billion taxes to inherit the inheritance

I don't think it can afford to pay the 60 billion tax with Samsung's family background, Let's not talk about how South Korea's inheritance tax is paid, but we must know that the inheritance tax must only account for a small part of the inheritance, otherwise this tax will be meaningless, and it will arouse public anger, because the tax rate is too high, everyone will not be willing to pay, after all, it is impossible to say that I have earned a lifetime of money, and in the end most of it has to be handed over, isn't this nonsense? Therefore, since the inheritance tax is so high, the inheritance to be inherited by the heir can only be higher, and there is no such possibility if you can't pay it. <>

One: Samsung's family has a big business, and the 60 billion inheritance tax is drizzling. When it comes to Samsung, most people may think of Samsung mobile phones, but you must know that Samsung's business is far more than mobile phones, and the following is a simple popularization of Samsung's field, in addition to the electronic field of mobile phones, Samsung's business also includes finance, chemistry, machinery and sales of daily necessities.

The business is so wide, the speed of money is naturally very fast, so Samsung's annual profit is very high, according to incomplete statistics, Samsung's net profit a year is about 37 billion US dollars, and this is still 18 years of data, not to mention that it has developed for a few years, so how terrifying Samsung is today, I think everyone knows in their hearts, the 60 billion inheritance tax is a drop in the bucket for Samsung, even if it is taken out at once, it will not damage anything. <>

Two: it is one thing to hand it over, but it is another thing to hand it over on time or not, and in what way. Rich is rich, but Samsung's heir is not a fool, you asked me to take out 60 billion inheritance tax at once, I am definitely unwilling, after all, no one's money is blown by the wind, it is earned back little by little.

Therefore, it is another matter whether the heirs of Samsung will pay this inheritance tax on time in the future, or it is not impossible for him to pay it in another way, such as supporting the investment of a certain project of the country, and then grasping the project rights in his own hands, or donating the money in the way of establishing **, so that the inheritance tax is paid on the surface, but the actual controller is still himself.

There is no possibility of not being able to pay at all. Because Samsung Group is the richest group in South Korea and has a lot of money and technological strength, the 60 billion tax is just a drop in the bucket for Samsung Group, and 60 billion tax is not a problem at all.

After inheriting so many inheritances, how can you not be able to pay taxes, and you can also pay taxes in installments, paying a part every year, so that the pressure to pay taxes will be much less.

It's impossible to pay it, even if you can't pay it, such a big Samsung group, so many talents, there will always be a way to solve this matter.

After the death of Lee Kun-hee, the former chairman of South Korea's Samsung Group, last year, he left behind a huge inheritance and a huge inheritance tax that has become the focus of attention in South Korean societyThe Li family recently issued a statement that they promised to pay all taxes, and it is estimated that the total amount of this inheritance tax is more than 11 billion US dollars, equivalent to 69.9 billion yuan.

The Lee family said in a statement that based on civic duty and responsibility, they plan to pay the inheritance tax in full over a five-year period starting in April 2021, and about 23,000 pieces of the Lee Kun-hee collection of antiques, Western and Korean artists will be donated to various national organizations, and this inheritance tax is the largest tax in the history of South Korea and even the world, equivalent to three to four times the total inheritance tax revenue of South Korea** last yearLee Kun-hee's personal fortune is worth approximately $23.4 billion, and his holdings include Samsung Electronics common stock, Tejon Daejeon shares, Samsung Life Insurance, Samsung C&T (Samsung C&T) and Samsung SDS shares.

South Korea has one of the highest inheritance taxes in the world, with a large inheritance tax rate of 50% and an additional 20% if the estate involves the transfer of the largest shareholder's sharesAccording to the Washington, D.C., Tax Council, the average tax rate for each country and region within the Organisation for Economic Co-operation and Development (OECD) is about 15%.

At present, the Lee family has not disclosed how to distribute Lee Kun-hee's shares, but according to a report from South Korea, the inheritance of the estate will not be too controversial, and the heirs have applied to change the largest shareholder of Samsung Life to Lee Kun-hee's widow and childrenLee Jae-yong, the only son of Lee Kun-hee, the substantive leader of Samsung Group, and vice chairman of Samsung Electronics, is still serving a prison sentence for fraud and manipulation, and Lee Jae-yong owns less than 1% of Samsung Electronics' shares, but he is the largest shareholder of Samsung C&T, owning 17% of its shares.

Personally, I think there must be some controversy about inheritance, after all, I think his taxes are too high, and it is likely that everyone will not be able to accept it.

I believe that inheritance is not controversial and should be distributed in accordance with the regulations of the state and the will. It must be distributed reasonably and legally.

I think the inheritance of the estate is indeed controversial. The inheritance tax in South Korea is indeed very high.

There will definitely be controversy, because the Samsung president has a lot of children, and with such a large amount of property, there will definitely be problems with the distribution.

Most of Lee Kun-hee's estate will be inherited by the bereaved family members such as Vice Chairman Lee Jae-yong.

The heir to the estate of Samsung Chairman Lee Kun-hee may be Lee Jae-yong, the actual head of Samsung and vice chairman of Samsung Electronics.

Lee Kun-hee, because he has donated his property to the society and will enter 6% of his inheritance, it can be seen that he is also a very kind person.

It seems that there is no heir to the inheritance, because the chairman of Samsung can be said to be a very wise person, and you will have to donate all these inheritances to the country, and then your descendants will have nothing.

It's about the fact that the other members of their entire family have the right to inherit it, and it's not just one person to blame.

In fact, there are many times when Korean groups can be called consortia, because in South Korea, many consortia can have strong strength and accumulate a lot of wealth, and those groups can achieve better development and have more talents.

Samsung Group can be called a consortium, and this group can also have better resources, this group can get a better development, and some can also have more wealth. The estate tax of the late chairman of Samsung was announced, as high as 69.9 billion yuan, how rich is Samsung Group? The Samsung Group is particularly wealthy, surpassing many groups.

There are three main reasons for this:

First, the profitability of Samsung Group is very strong.

In fact, in my opinion, I think Samsung Group is really very rich, because Samsung Group can have relatively strong profitability, and Samsung Group can also make more and more money. Samsung Group can make its products recognized by more people, and it is also able to make its products have higher quality, so that its products can have better profits. <>

Second, Samsung Group has accumulated more wealth.

Of course, it has to be said that Samsung Group is able to accumulate more and more wealth, and Samsung Group can also obtain greater benefits through more investment, and it is also able to obtain a wider share of the market. This means that the wealth that Samsung Group can have will increase, until it exceeds that of more and more groups. <>

Third, Samsung Group can become richer and richer.

In fact, Samsung Group can also become more and more rich, because Samsung Group can accumulate enough funds, and can also get more benefits through relatively high investment methods, and can also make themselves more competitive, so that they can defeat more competitors, so as to gain stronger strength. <>

That's my opinion, do you have any thoughts?

It is very rich because the Samsung Group is the No. 1 chaebol in South Korea and has a lot of important industries.

Samsung Group is very rich because they have been selling very well since the company was founded until now, and their companies are all over the world and they are making a lot of money.

Particularly rich. Because Samsung is one of the leading leaders in the industry, it has been operating for many years, and it has many product businesses, which is particularly profitable.

South Korea's Samsung Chairman Lee Kun-hee passed away last year, and at present, Samsung Group has smoothly passed the "ups and downs" of Lee Jian-hee's death, and the company continues to maintain stable development. The outside world is also concerned about the inheritance tax after Li Jianxi's death, leaving a total of 115.1 billion yuan in inheritance. If anyone inherits this inheritance, they will have to pay a high inheritance tax.

At present, the Li family has not announced how to distribute heredity, but according to the report of South Korea's **, there should not be much controversy, and the heirs have applied to change the largest shareholder of Samsung Life to Li Jianxin's widow and children. It mentions Lee Kun-hee's widow, Ms. Hong Ro-hee. Inheriting Lee Kun-hee's 33% stake in Samsung, this time adding 83 million shares of Samsung Electronics, becoming the largest individual shareholder of Samsung Electronics, with a proportion of shares.

As for the remaining assets, the eldest son, Lee Jae-yong, inherited the most, sharing half of the shares of Samsung Insurance. The three children all received 22% of the shares of Samsung Electronics' inheritance.

In addition to paying attention to the huge inheritance, the huge inheritance tax has also become the focus of attention, and it is reported that the inheritance tax is as high as 69.9 billion yuan. Many people lament that the money I have earned in my life is not enough to pay taxes. Lee Kun-hee's family recently issued a statement that they promised to pay inheritance tax, but the inheritance tax is so big, even if the Samsung Group family is big, they can't afford to pay it for a while.

They said that based on civic duty and responsibility, they plan to pay this inheritance tax in full within five years starting in April 2021.

The antiques collected by Lee Kun-hee during his lifetime, as well as the collection of calligraphy and paintings, will be donated to various national organizations. This inheritance tax is by far the largest tax in the history of South Korea and the world, equivalent to three to four times the total tax tax in South Korea last year. South Korea has one of the highest inheritance taxes in the world, with a large inheritance tax equivalent to 50%, and a large amount of money has to be handed over to the state.

Doing so is conducive to balancing the gap between the rich and the poor in society, I don't know what everyone thinks of this kind of thing.

The property should eventually go to his daughter and his wife, who are the legal first heirs, and the second and third heirs are also eligible to share the estate.

The estate of the late Samsung Chairman was eventually distributed to his widow and children. As for the only son of the leader and the president, he is still serving his sentence in prison because of the fraud case, and he will not get much inheritance. As for the inheritance tax, it will be paid in full within five years.

I think the inheritance will eventually be divided among his children, and his daughter will probably have the greatest advantage.

In the end, it will definitely belong to his descendants, that is, his heirs, so many inheritances, it is really enviable.

The inheritance tax of the late Samsung chairman is as high as 69.9 billion yuan According to South Korea** reports, Samsung Group announced the inheritance rights of the late ** Lee Kun-hee on the same day, and the inheritance tax reached 12 trillion won (about 100 million yuan). Previously, after the death of Lee Byung-chul, the founder of Samsung Group, Lee Kun-hee and other survivors paid 17.6 billion won in inheritance tax, which also set a record for the year, and Lee Kun-hee's inheritance tax was nearly 700 times that of the previous generation, and his inheritance can be described as an astronomical amount.

Lee Kun-hee, the son of Samsung's founder, Lee Byung-chul, took over Samsung's board of directors in 1987 and led Samsung to become Korea's largest conglomerate and one of the world's most famous technology companies, while also building his fortune. According to the list of South Korea's richest people released in July 2020, Lee Kun-hee topped the list with a net worth of $17.3 billion, and is also known as the "Korean economy". Unfortunately, the unexpected happened.

In October 2020, Lee Kun-hee passed away at the age of 78. After the death of Lee Kun-hee, the business development of Samsung Group has attracted attention from all walks of life. Of course, the distribution of his estate is also worth paying attention to.

According to a previous report released by the World Bank, South Korea's inheritance tax rate is among the highest in the world, with a maximum tax rate of 50%, surpassing developed European countries such as the United Kingdom and France. So what is the inheritance tax system like in South Korea?

The most important point is that the scope of inheritance tax varies depending on whether the deceased is a tax resident or not. All estates in China and abroad are taxed to tax residents, and all estates in China are taxed to non-tax residents.

So how can you be recognized as a tax resident in South Korea? According to the Inheritance Tax and Gift Tax Act, there are two criteria for determining whether you are a tax resident, one is to have a domicile in Korea and the other is to live in Korea for 183 days. Through this regulation, we can see that the criteria for determining tax residency in South Korea are basically the same as those in most countries.

Well, that's all for this issue.