Holy, Holy, Holy Warren Buffett, Billionaire, does he pay his fair share?
Or, does he get the tax code and deal making to pay for him? PB
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From the Wall Street Journal online:
Mr. Buffett drove a hard bargain during negotiations, even though Berkshire is a passive equity investor and won’t have an operational role.
Berkshire has structured its portion of the deal so that it gets compensated for more than $50 million in higher taxes it expects to pay as a U.S. financier, the person familiar with the matter said.
In other words, the combined Burger King-Tim Hortons will help subsidize Berkshire’s higher tax bill.
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Link: http://blogs.wsj.com/moneybeat/2014/08/26/berkshire-to-pay-u-s-tax-rate-on-burger-king-investment/?mod=trending_now_3
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