Samsung was sentenced to evade taxes through a patent license agreement and was required to pay $1.34 million in corporate tax

  The South Korean Supreme Court ruled on Wednesday that Samsung Electronics and a Irish catheter company reached a patent licensing agreement to use the special exemption clause in the Korean Irish tax treaty to avoid tax, and should pay 1.5 billion won (about 1.34 million US dollars) corporate tax. A conduit company is a company that is usually set up for the purpose of evading or reducing taxes, transferring or accumulating profits.