Y Combinator’s Garry Tan Goes to the MatRead more

Briefing
asia

Family of Late Samsung Chairman Discloses Plan to Pay Massive Tax Bill

By
Wayne Ma
· · Source: Reuters

The family of Samsung’s chairman, Lee Kun-hee, who passed away last year, announced how it planned to pay a nearly $11 billion inheritance tax on his estate, which has the potential to dilute the family’s stake in the company, Reuters reported. The news is the latest twist in the saga of Samsung, which has been roiled after its heir was sentenced to a 30-month jail sentence for bribery. The...

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