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Warren Buffett's Private Jet Company Is Being Countersued By The US Government Over Taxes

One of Warren Buffett's Berkshire Hathaway holdings, NetJets (a private aircraft company), is being countersued by the U.S. government for at least $302 million in taxes and penalties, Bloomberg reports. This story is bound to attract some attention, since Warren Buffett has been so outspoken about every American paying their fair share of taxes. And it's a really hot headline to be sure — but there's a little more to the story.
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This Is Why The IRS Is Suing Warren Buffett's Private Jet Business Over Unpaid Taxes

Business & Finance : Business Insider: Clusterstock (3 years ago)

Earlier this month, there was news that the IRS was suing Berkshire Hathaway over unpaid taxes at its NetJets business. The issue has actually been brewing for awhile longer, but obviously the irony was delicious, given Buffett's se... Read Post

Berkshire's NetJets Defeats $500 Million IRS Tax Claim

Business & Finance : Business Insider: Clusterstock (5 days ago)

By Jonathan Stempel NEW YORK (Reuters) - NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million... Read Post

Warren Buffett's Private Jet Company Is Complaining It Was Overtaxed By The IRS

Business & Finance : Business Insider: Clusterstock (3 years ago)

The 99% love Warren Buffett because he thinks rich people should pay more taxes. Meanwhile, Buffett owns a private jet company, which is suing IRS. Specifically, NetJets, a subsidiary of Berkshire Hathaway is suing the government fo... Read Post


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