In the United States over the past 15 years, 25 billionaires have paid a much lower income tax than they should have. ProPublica based on confidential data from the US IRS published the investigation.
In particular, among the 25 billionaires are Berkshire Hathaway CEO Warren Buffett, former New York Mayor Michael Bloomberg, Amazon founder Jeff Bezos and Tesla CEO Elon Musk.
Journalists compared the data of the US Tax Service with Forbes estimates of capital growth of each billionaire over a period of time.
As it turned out, the fortune of Elon Musk increased by $ 13.9 billion, while the declared income of the founder of Tesla amounted to $ 1.52 billion, of which the state lost only $ 455 million. Thus, the real tax rate of Musk was 3.27%, and in 2018 it and completely evaded taxes.
In turn, the wealth of Jeff Bezos from 2014 to 2018 increased by $ 99 billion, and he paid less than $ 973 million in income tax. The real tax rate was only 0.98%. In addition, in 2007 Bezos did not “pay a single cent of federal income tax”, and in 2011 received a subsidy from the state for $ 4 thousand.
At the same time, the head of the Berkshire Hathaway investment fund Warren Buffett replenished the treasury with $ 23.7 million in the same years, and his own wallet – by $ 24.3 billion. His real tax rate was 0.1%.
Finally, George Soros, who ranks 288th in the ranking of the richest people in the United States, did not pay taxes for three years in a row – from 2016 to 2018.
SoftServe is expanding its presence and opening new office spaces in four cities — Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa. They are available for 250 people working in these regions as well as other employees. The coworking in Vinnytsia where SoftServe has around 50 employees is already fully operating. Odesa is the next — office space […]
COMBINE ROAD AND COMFORT Shell is launching a new coffee brand Shell Café all over Central and Eastern Europe (CEE) (to replace […]
Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
The savings of Ukrainian citizens outside the banking system are estimated at $ 30-35 billion. This estimate was given by the chairman of the National Bank Kyrylo Shevchenko during the Kyiv Economic Forum. There are different estimates of the “gray” economy. We in the National Bank believe that this is up to 30% of GDP. […]
During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]
The new Tesla factory in Berlin may release the first electric cars next month. CEO Elon Musk stated this. Speaking at the plant, Musk said he hoped to get the green light to begin production in the coming weeks. The last consultation on public concern about the plant ends on October 14, after which the […]
In January-October 2020, Ukraine reduced exports of agricultural products by 1.7% compared to the same period last year. According to the Ukrainian Club of Agrarian Business Association exports were reduced exactly to $ 17.6 billion. According to this data, imports of agricultural products for the reporting period increased by 14.4% to $ 5.1 billion. Thus, […]
Next
The Cabinet of Ministers has made changes to the Affordable Loans program of 5-7-9%. This was reported by the press service of the Ministry of Finance. In particular, the maximum level of annual income of enterprises was raised to the equivalent of 10 million euros, and the current requirement for the mandatory business profitability has […]
Next
ByteDance’s valuation exceeded $ 250 billion, based on the value of shares in the secondary market, according to Bloomberg. The Chinese company’s share price has risen sharply in recent weeks as investors show more interest in ByteDance’s business, and its founder Zhang Ying is considering an IPO, the agency said. According to the analytical company […]
Next
The net profit of the largest Chinese Internet company Alibaba Group Holding for the six months of 2020-2021 fiscal year (ended September 30) fell by 19% year on year and amounted to 10.746 billion dollars, according to a press release. Adjusted earnings per share were 3.48 yuan ($ 0.51) compared to 4.45 yuan ($ 0.66) […]
Next
The head of the representation of the IFC said that the company annually invests approximately $ 200-300 million in the Ukrainian agriculture. This year the amount will remain the same. At this stage, the corporation, as a long-term investor, has suspended its capital investment. This year not many people risked to make serious long-term investments. […]
Next
Lego plans to open 120 new stores in 2020, according to Retail Gazette. The company reported sales growth in the first half of the year. In quarantine kits were very popular, in particular, among adult consumers. “About 80 new outlets will be located in China. Now the company has 612 stores worldwide,” – said Lego […]
Next
According to the State Statistics Service, as of January 1, 2017, there are 15 206 join-stock companies registered in Ukraine, 3 122 of which are the public companies. Although the Ukrainian independence celebrates its 25- year anniversary already, only recently the national business has started to review the governance system and the system of effective […]
Next
As having reported on Agro Portal, KWS Ukraine Company has invested 20 million euros in the seed plant start-up in Khmelnytskyi region. The plant power has been 6 thousand tonnes per one year on the September- October in Kamyanets-Podolskyi town (Khmelnytskyi region).LLC KWS Ukraine specialises in seeds plant production and distribution. It has put on […]
Next
Quotes of the Bed Bath & Beyond jumped from 33.47% to $ 19.99 according to the trading data. Papers are growing due to the strong report for the second quarter of 2020. The Bed Bath & Beyond chain announced the first increase in the in-store sales in almost four years. The jump in the revenue […]
Next
American oil and gas giant ConocoPhillips is in talks to acquire rival company Concho Resources, Bloomberg agency reported, citing to the sources that familiar with the matter. “Companies may announce the operation in the next few weeks,” – say the interlocutors of the agency. However, there is no final decision yet, and negotiations may fail. […]
Next
Shares of Netflix fell after the company released a quarterly report on October 20 with only 2.2 million new subscribers. At the same time, over the last week, stock growth has resumed and since the beginning of the year, the share price of Netflix has risen by 59%. The company’s management and analysts cited the […]
Next
The taxi service of the international Chinese company DiDi Chuxing intends to conduct the initial public offering (IPO) on the Hong Kong Stock Exchange. As reported by Reuters on Tuesday, citing sources, this may happen in the first half of 2021. By the time of the IPO, the estimated value of DiDi will be more […]
Next
At the end of 2015 between UniCredit Leasing and GREENSTONE group was signed an agreement for more than $ 1.5 million. According to the agreement, The GREENSTONE will fulfill the obligations of Creative with respect to leasing trucks, agricultural vehicles and passenger cars. The agreement with UniCredit Leasing involves the renewal of the lease and […]
Next
On Monday, Alphabet and ADT Inc companies announced a long-term partnership agreement. According to the press release, as a result, will be “a combination of award-winning Nest equipment and services based on Google machine learning technology, with a network of ADT installation, service and professional monitoring for creating a “smarter home” and integrated experience for […]
NextA recent study by the Law Society of Scotland has shown a 42% pay gap between female solicitors and their male counterparts, despite women representing half of the legal profession in Scotland. The Law Society found that from the age of 36, women are paid a lower salary, on average £18,000 less, than men of […]
Next
The video conferencing service Zoom has announced the creation of its venture fund Zoom Apps Fund, its volume will be $ 100 million, this is stated in a press release from the company. Startups in the fund’s portfolio will receive from $ 250,000 to $ 2.5 million. In this way, the company wants to motivate […]
Next