CJ Group Chairman Lee Jae-hyun won the final victory in a lawsuit for canceling the 150 billion won gift tax.

The first part of the Supreme Court (Chief Chief Justice Park Jeong-hwa) announced on the 20th that Chairman Lee has confirmed the court case of the plaintiff in a lawsuit for canceling the disposition, including gift tax, against the head of the Seoul Central Tax Office.

As a result, Chairman Lee will no longer pay a gift tax of 156.2 billion won out of the KRW 166.4 billion tax, including gift tax, capital gains tax, and general income tax, which he received notice of imposition from the tax authorities.

Chairman Lee has been tried on charges of evading taxes by establishing a Special Purpose Corporation (SPC) in the British Virgin Islands, a tax haven in the mid and late 1990s, and buying and selling stocks under the name of SPC.

The first trial agreed that Chairman Lee had virtually avoided the gift tax through the SPC, and gave the tax authority a hand.

I thought that the imposition of capital gains tax and comprehensive income tax were also legal.

However, the second trial canceled the gift tax imposition on Lee.

It maintained the judgment of the first trial, saying that the imposition of capital gains tax and comprehensive income tax are legal.

The Judiciary found that acquiring stocks through SPC was not illegal, and there was insufficient evidence to suggest that Chairman Lee avoided gift tax through this.

(Photo = Yonhap News)