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.
CHICAGO (Reuters) – While it is hard to knock the advice of Warren Buffett, whose annual letter to Berkshire Hathaway Inc shareholders recently lofted down from the mountain of capitalism, some of his tips can be tweaked. Among the ... Read Post
Berkshire Hathaway's Q1 financial results are out. The holding company run by Warren Buffett reported operating earnings of $2,302 per share, up from $1,615 a year ago. According to a survey conducted by Bloomberg, analysts were loo... Read Post
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