Samsung to pay its biggest tax bill ever as profits rise
In this article (4)
Samsung Electronics is expected to pay 16.8 trillion won ($15 billion) in corporate taxes this year, up 20.1 percent from a year earlier, due to its record earnings, its regulatory briefing showed Monday. It is expected to cough up 28.6 percent of its operating profits, which reached an all-time high of 58.9 trillion won in 2018, according to its consolidated financial statement.
The estimated tax amount is the highest amount ever for the company, 2.4 times the number from 2015 and over 14 times from 2009, its past reports showed.
Questions & Answers
Q.What is the expected tax bill for Samsung Electronics this year?
What is the expected tax bill for Samsung Electronics this year?
Samsung Electronics is expected to pay 16.8 trillion won ($15 billion) in corporate taxes this year. This represents an increase of 20.1 percent from the previous year.
Q.How do this year's estimated taxes compare to previous years for Samsung?
How do this year's estimated taxes compare to previous years for Samsung?
The estimated tax amount is the highest ever for the company. It is 2.4 times the amount paid in 2015 and over 14 times the tax paid in 2009.
Q.What percentage of its operating profits will Samsung pay in corporate taxes?
What percentage of its operating profits will Samsung pay in corporate taxes?
Samsung is expected to pay 28.6 percent of its operating profits in corporate taxes this year. Its operating profits reached an all-time high of 58.9 trillion won in 2018.
Reader pulse
Is Samsung's record tax bill a sign of market dominance?
18,727 votes so far