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Hey can you guys answer a question for me. Is berkshire double taxed on the income it’s companies make? Say Berkshire owns a company. Does that company pay co
by mrfusion 8y ago
Hey can you guys answer a question for me.
Is berkshire double taxed on the income it’s companies make?
Say Berkshire owns a company. Does that company pay corporate income tax on the money it makes. Then it passes the rest of the profit to Berkshire and does Berkshire pay income tax again on that money?
- gcb0 8y agoyes and no. yes because that's capital gains, but they offset investment as capital losses on the other side and can effectively win and invest money for free
- mrfusion 8y agoWhat about dividends? Say a child company earns some money. First it pays corporate tax on it. The. It issues a dividend to brk. Then brk pays a dividend tax? Then they pay a corporate tax on the remaining money?