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"50% rate... a premium can be added to shares if the deceased has a controlling interest in a company, potentially taking the top rate even higher" I have to w
by ludamad 5y ago
"50% rate... a premium can be added to shares if the deceased has a controlling interest in a company, potentially taking the top rate even higher"
I have to wonder, there's a huge incentive to instead have the person somehow give huge gifts to everyone before death, right?
- Denvercoder9 5y agoGenerally the gift tax rate is comparable to the estate tax rate to avoid this loophole. From a quick Google search it seems the gift tax in South Korea can be up to 50%.
- deleted 5y ago[deleted]