Apple And Buffett: Comparing Tax Strategies

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Apple And Buffett: Comparing Tax Strategies
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Virtually everyone agrees the U.S. tax system is broken, but there is very little agreement about how to fix it. It’s gotten to the stage where Americans just take it for granted that the rich and corporations will pay a small share of their income in taxes relative to the middle class, but there is still a debate on the morality of how those with money avoid paying taxes and at what point “good tax strategy” becomes out and out antisocial greed.

A recent article by Allan Sloan in CNN Money compares the tax strategies employed by two venerable American economic institutions: Apple Inc. (NASDAQ:AAPL) and Warren Buffett’s multiconglomerate empire.

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