Samsung heir and family set to pay $10.8 billion in inheritance tax

Published

3 years ago

April 28, 2021

The family of the deceased Samsung Electronics boss Lee Kun-hee will pay more than $10.8 billion dollars in inheritance taxes.

Lee died in October leaving his estate that’s worth $26-trillion.

Jay Y. Lee, co-vice chairman of Samsung Electronics Co., left, wears a protective mask as he arrives at the Seoul High Court in Seoul, South Korea, on Monday, Jan. 18, 2021. A judge will hand down a new sentence for Lees involvement in a corruption case that brought down a South Korean president and ignited a backlash over family-run conglomerates. Photographer: SeongJoon Cho/Bloomberg via Getty Images

He’s credited with transforming Sumsung into the world’s largest smartphone and memory chip maker.

Why the meme-stock frenzy is unlikely to repeat

Published

2 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

2 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

3 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending