Arab Today, arab today samsung heirs gift taxes down on faltering share prices
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Samsung heirs' gift taxes down on faltering share prices

Arab Today, arab today

Arab Today, arab today Samsung heirs' gift taxes down on faltering share prices

Samsung company
Seoul - Yonhap

The heirs of de facto head of Samsung Electronics Co. Lee Kun-hee, who has been hospitalized since May, faced a nearly 10 percent cut in their inheritance taxes over the past three months on a fall in the company's share prices, data showed Thursday.
If Lee's shares in Samsung Electronics are transferred to his offspring -- his son Jay-yong, who is forecast to be the heir apparent, and his two daughters, Boo-jin, and Seo-hyun -- their gift taxes are estimated at 3.71 trillion won (US$3.62 billion), down 9.41 percent from 4.15 trillion won posted on June 3, when shares reached their yearly high.

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