5ywjdPumpkinPrincess
7335
509
14
May 5, 2026 5:52 AM
5ywjdPumpkinPrincess
7335
509
14
DianNaoChong
It literally says inheritance, so once.
pacanukeha
in America they'd buy 5 million in turnip's crypto and cons in congress would fall over themselves passing a law changing the inheritance rate. but they've already done that so they don't need to.
backrideup9
They had $8B on hand but will inevitably complain about being cash poor at some point.
TeamToasterNeverForget
IIRC the inheritance tax in South Korea is 50% and there was no way they could ever pay that. So they found “disappeared” while they negotiated with the government to settle on a payable amount. Otherwise they would have had to sell half the company worth hundreds of billions.
Grinch01
#1 oh Samsungs has its own Portion of shit going on, they control south Korea from the shadows
cousteau
I guess it's a one time thing, based on the fact that people generally only die once and not every year.
Bigemedic
In America they'd hire 1000 lawyers and pay them $9 billion to avoid $8 billion in taxes.
AllegedlyUncleTonton
The king of the netherlands doesn't pay tax and has an "uitkering" in the millions. He also doesn't get inheritance tax. And people are super okay with this.
martineb72
I was thinking that doesn't seem a lot for such a huge company, but the family is only worth $45 billion last year. And the tax is for their worth in 2020, when they were worth $26 billion. So that is a decent amount of tax.
clonedeeznuts
In America, they bribe judges to pass laws to allow the loopholes
trinxter
Also American billionaires: "we just won't die, to avoid this disgusting tax.!
Ebo352
No great fortune was ever created ethically; it's either luck or evil actions.
NonPoliticalChimpanzee
Samsung did not want to pay that, they fought it hard
ataradov
They also did a lot of very sketchy stuff. And they are also basically a part of the government.
backrideup9
Inheritance taxes are stupid to begin with, just make them pay tax on the income like the rest of us. I say this because when my parents pass, they'll leave me 12 acres in a northern Wisconsin tourist town. That property is valued at about $500k now and I can't afford the tax now, let alone 10+ years in the future. Im not pro-rich asshole, I'm "anti-going broke because the powers that be make all the rules and will take the property if I dont pay their bribe". 1/
backrideup9
Also, no, I can't just sell it with an outstanding tax bill that large. Its not illegal, but no one will buy it and then have to pay the tax and judges up in deep red Morontown, WI, won't let me slide till after its sold, under current law. And my parents are idiots and won't put in in a proper trust or add my name to the deed when the bought it 15 years ago.
Perfzilla
I mean the Samsungs view the SK government coffers as their personal slush fund. Don't mistake this as integrity.
SarcasticComment
there's also very substantiated rumors that they hire thugs to enforce their desires. The TV show Lost took that as plot inspiration
TheAnswerWasAlwaysMoreLube
My impression is that Samsung and Hyundai is the South Korean government.
ThatTransformersDude
Yup, recommend others to read up on SK's chaebols and their hold on the government and businesses across the country. Also the history ad how it got to that point.
Tiperrachi
Also a US corp would gladly play 100 million in fees and lawyers to avoid paying a 2 million fine, to set a precident that they can't be charged for that one thing.
ExogenousDataStructure
Buying Congress is a heck of a lot cheaper than 100mm.
MortimerMango
there is no precedent for a samsung in the us, maybe standard oil, but that doesn’t really capture the deference the government their gives the company and family
L4t3xs
They are trying to get rid of the inheritance tax in Finland. The argument is that the shares of a company are worth more than the liquid cash inherited so they would have to sell part of the company to cover the tax. Why not just tax the shares when they are sold, if that's the problem? They have all the broke people defending these near-billionaires and billionaires, too.
UsuallyARabbit
It’s their duty as citizens to sell shares to cover. If they would like not to pay taxes, reinvesting in their company and employees is their only path to that goal.
Colopty
Because it's a problem they came up with to justify the solution they already had in mind. They're not actually interested in other ways to solve it, and if their sob story about needing to sell their hard earned company doesn't get them anywhere (either because it gets debunked as complete bullshit like their previous attempts or another solutions wins out) they'll just pivot to trying another angle of attack on the inheritance tax.
Haemaelaeinen
This is the worst government Finland has ever had and it is not even close. Capitalist pigs and fascists hand in hand eroding our society. If I didn't have kids I think I would've already done an Eugen Schauman.
JeezusJuice
Yeah, well … why not make them sell part of the company? Or pay it over time? Money isn’t even fucking real! We are all so, so, so stupid (as a collective).
JeezusJuice
Like, for fucking real, though, why should a child be allowed to inherit a business? Inheritance is literally the fucking reason the system was able to devour itself. It was designed with the intent of eliminating this. Inheritance of more than personal effects should be banned entirely.
Snowman25
What do you mean, "one year"? It's an _inheritance_ tax.
cousteau
So, like, every other year?
DevilsAdvocat
to be fair, he did phrase that as a question, so, just saying 'no, that's a single time inheritance tax' would have sufficed
KuroFluff
They die every year and are replaced with the new model.
WellWellWellLookWhoItIs
Next year’s comes with ads.
Grandolddrummer
Dude. I mean this with all sincerity. Bravo https://media2.giphy.com/media/v1.Y2lkPWE1NzM3M2U1c2d6a3N2NGJkMWI0enFqYW1lbmFiOWx1NXFldHh6bTltZHhjamY0NSZlcD12MV9naWZzX3NlYXJjaCZjdD1n/wijMRo7UZXSqA/200w.webp