Samsung s Lee family to pay more than $10 8 bln inheritance tax - aysor am aysor.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aysor.am Daily Mail and Mail on Sunday newspapers.
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New York, April 28, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Transparent OLED Display Market Research Report by Product, by Pannel Type, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19 - https://www.reportlinker.com/p05911767/?utm source=GNW
Market Statistics:
The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. This helps organization leaders make better decisions when currency exchange data is readily available.
1. The Global Transparent OLED Display Market is expected to grow from USD 689.89 Million in 2020 to USD 2,683.56 Million by the end of 2025.
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The family of Lee Kun-Hee, the late chairman of Samsung Electronics Co., Ltd. is donating 23,000 pieces of art in an effort pay off an inheritance tax bill of roughly $11 billion.
What Happened: South Korea has a 60% inheritance tax. Lee, who owned 4.18% of Samsung at the time of his death last October, was South Korea’s richest person and had an estimated net worth of $20 billion.
According to an Associated Press report, the Lee family’s tax bill is the largest in South Korean history and more than three times the nation’s total estate tax revenue for 2020.
The art donations are designed to reduce the taxable portions of the Lee estate. The collection features the works of European masters including Marc Chagall, Salvador Dali, Paul Gauguin, Joan Miro, Claude Monet and Pablo Picasso, as well as Korean paintings, sculptures, ceramics and books. Two cultural institutions in Seoul, the National Museum of Korea and the National Museum of Modern and Contemporary Art,