Buffett Says Corporate Tax Rules Need to Be Revamped

Warren Buffett, billionaire investor, said on Monday that the White House’s actions limiting companies from shifting their tax address outside of the US offers a good “time out” to come up with a plan to revamp the current corporate tax rules.\ “It’s good to have a time out while we work out a logical corporate …

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Congress Likely to Address Tax Dodging Mergers

Warren Buffett said “you are getting more mergers that are tax driven” and he said that Congress is “likely to address” this issue. When responding to a question about Pfizer’s bid to purchase the foreign drug maker AstraZeneca, partially to reduce its tax build in the United States by moving overseas, Buffett tells us that …

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