Covering estate taxes with charitable tax credits
As one of Canada’s largest auto parts wholesalers, finding mutual wins had been Nilam Patel operating style with customers for years. But he wanted a different win-win this time. This one involved planning his charitable legacy, while at the same time covering the tax burden on his estate...
Research & commentary
The continuing resilience of the world’s largest 500 family businesses
The 2021 EY and University of St. Gallen Family Business Index reveals how family businesses are maintaining the health of the global economy through economic dominance and resilience. Here are a few highlights that stood out to us...
Another NFL season brings 32 family businesses into the spotlight
The NFL’s very precise ownership rules have long focused on concentrated ownership amongst individuals and families for its 32 franchises. The league doesn’t want any big corporate entity owning a team. As a result, the NFL is basically a community of family-owned enterprises...
Samsung’s massive inheritance tax problem
Success never seems to come without challenges – and for the Lee family in Korea, there have been many. And, with the recent passing of Lee Kun-hee, his family and the Samsung empire face yet another challenge: an inheritance tax bill of nearly $11 billion USD...