Warren Buffett, the billionnaire investor and chairman of Berkshire Hathaway, said on Monday that wealthy Americans are not paying sufficient levels of tax. "The wealthy are definitely undertaxed relative to the general population," Buffett told CNBC earlier today. "As we get more specialized, the rich will get richer. The question is: ‘How do you take care of a guy who is a wonderful citizen whose father died in Normandy and just doesn't have market skills?' I think the income tax credit is the best way to address that." "That probably means more taxes for guys like me, and I'm f...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes