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.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]
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Shares of Advanced Micro Devices, increased on 47.4% since the beginning of the year, rose on 10% after the announcement of the financial results of the 2nd quarter, which ended on June 27, and the publication of optimistic forecasts, despite the pandemic. The report was preceded by a sharp rise in shares of AMD after […]
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The Kyiv Administrative Court of Appeal found guilty the National Bank of Ukraine (NBU) in bankruptcy of the Ukrgazprombank. This is stated in the judgment from April 26 in the case N826 / 26255/15, writes UBR. The NBU actions were called “illegally inactive” by the decision. Thus, was confirmed the decision of the previous court – the District […]
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On Wednesday, March 17, the Antimonopoly Committee decided to fine the distributor of tobacco products Tedis Ukraine 274.2 million hryvnias, the press service of the Antimonopoly Committee of Ukraine reports. The reason for this decision was the company’s failure to fully implement the decision of the committee from 2016 (paragraph 4 of Article 50 of […]
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Last working week, the National Bank, as in the previous five weeks, did not buy or sell currency on the interbank market. This is evidenced by NBU data. In total, since the beginning of the year, the regulator has bought $ 290.5 million on the interbank market and sold $ 70 million. In 2020, the […]
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Apple has given to CEO Tim Cook two options which can be converted into approximately 1 million shares of the company under certain conditions. This follows from the documents submitted by the corporation in the Securities and Exchange Commission (SEC) of the USA. The first option is 333,987 shares with the restrictions, which the head […]
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Microsoft announced the plan: to buy the fashionable social application TikTok, that owned by the Chinese company Bytedance Ltd, and confirms the long-standing efforts of the technology giant to occupy a niche in the digital advertising market, along with Facebook and Google. It is known that Microsoft intends to acquire TikTok’s business in the United […]
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