Quote:
Originally Posted by MarchHare
Actually, according to Buffett himself (whether you believe him is another issue, I suppose), he doesn't employ a personal accountant and doesn't take advantage of tax shelters available to him.
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He doesn't have too.
Question is, does his company?
A quote from Buffet himself.
Quote:
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When asked why the conglomerate structure seemed to work so well for him, he remarkably — and surprisingly, to me — explained the structure is efficient and comes in handy around April 15. “We’ve got this ability in terms of moving money around into various opportunities” without tax consequences, he said, describing how he can invest the profits from one business into another without being taxed.
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http://blogs.ft.com/businessblog/200...#axzz1VEbtvsiL