Samsung Group heir or 6 billion dollar estate tax levied

"TechWeb Report" June 6 news, according to South Korean media reports, Samsung Group chairman Lee Kun-hee's successor may face huge estate tax pressure. It is understood that Samsung's successor is expected to be levied one of the most expensive estate taxes ever. Samsung's successor, or a 6 billion-dollar estate tax, calculates that, as the most likely successor to Samsung, the 45-Year-old Lee and his two sisters could be taxed at a maximum of 50% of the estate rate, totalling about 6 billion dollars. Lee Kun-hee's assets are mainly in the form of Samsung Electronics, Samsung Life insurance and other companies, the market value of about 13 trillion won (about 12.7 billion U.S. dollars), its successor may be levied as high as 6 trillion won the heavy tax. As a comparison, this year's total tax on heritage and gift taxes is estimated at just 16 billion dollars. However, if the Li clan tries to reduce the tax burden by various means, it may weaken its control over Samsung. Because the shares are crucial to keeping control of Samsung's big subsidiaries, analysts believe the Li clan may be willing to pay dearly to keep the shares. The 72-Year-old Lee Kun-hee, who was hospitalized for a heart attack last month, is still struggling to determine whether he can continue to dominate the Samsung empire as usual, despite the gradual improvement.