tax bill

FB Roundup: Samsung, Ferragamo, Swarovski

May 3, 2021

Samsung’s Lee family to pay $10.8 billion inheritance tax bill, Ferruccio Ferragamo passes leadership torch to brother Leonardo Ferragamo, Fifth-gen Robert Buchbauer declares Swarovski sustainability goals.

Samsung’s Lee family to pay $10.8 billion inheritance tax bill

The family of late Samsung patriarch Lee Kun-hee has unveiled an instalment plan to pay its 12 trillion won ($10.8 billion) inheritance tax bill, to include large donations to South Korean healthcare and museums.

Family businesses dominate list of Britain’s highest taxpayers

February 8, 2019

Britain’s wealthiest families paid $1.2 billion in tax in the last financial year at a time when the state revenue contributions of the world’s richest individuals and corporations are coming under increasing scrutiny.