While we’re on the topic, I’ve never understood how Berkshire Hathaway isn’t triple taxed. For example they own gieco. Say gieco makes a profit. Gieco pays a c

While we’re on the topic, I’ve never understood how Berkshire Hathaway isn’t triple taxed. For example they own gieco. Say gieco makes a profit. Gieco pays a corporate tax on that profit. Then they send the money to the parent company, brk. Brk now pays corporate tax (and dividend tax?) on that same money?