Buffett calls for Berkshire's record tax payments, the government to spend smart
BMO Capital Markets General Investment Strategy Brian Belski discusses whether the market is something that needs to be worried about making money.
Berkshire Hathaway Chairman and CEO Warren Buffett On Saturday, the company called on the company's tax payments to the company's record tax payments and to clever the money.
Buffett reminded when he first buys Berkshire Hathaway 60 years ago, his long-term business partner Charlie Munger, then reported the “disappearance” of a large textile business, and then pay taxes and pay taxes
“From all the places, the US treasury has already received silent warnings of Berkshir's fate,” he said. “In 1965, the company did not pay a penny of an embarrassment tax in the company, which is generally dominated by the company ten-year. Such economic behavior can be understood for glamorous beginnings, but when it happens in a respected column of the American industry, it is a yellow light. Berkshire could make ashes. “
“Imagine a speed of 60 years and imagine the surprise of the treasure in the same company – still operating under the name of Berkshire Hathaway distant More than US Government more in corporate income tax sometimes American technological titanes who receive any company – even order market values trillions“Buffett wrote.
Annual letter to Warren Buffettin Berkshire Hathaway shareholders: Read here
Berkshire Hathaway chairman and CEO Warren Buffett put record tax payments in the company's annual letter. (J. Kempin / Getty Images / Getty Images)
“To be accurate, Berkshire made four last year Payments to IRS This was $ 26.8 billion. This is about 5% smooth Payment of corporate America. (In addition, we have paid sizes to foreign governments and 44 stages.) “
Buffett added that the company's aggregate income tax payments US Treasury Over time, a total of $ 101 billion has reached $ 101 billion and noted that only one dividend in the last 60 years has allowed the conglomerate to build a taxable income base over time.
Buffettin Surprise November Letter gets his personal tone
Recognized with the holding of shares for a long time, the best investment is also recognized.
“We have a small part of a very or very large and highly profitable enterprise with home names like Apple, American Express, Coca-Cola and Moody.” The net material required for operations, “he said.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| Aapl | Apple Inc. | 245.555 | -0.28 |
-0.11% |
| AxP | American Express Co. | 295.37 | -8.40 |
-2.77% |
| This | Coca-Cola Co. | 71.39 | +1.34 |
+ 1.91% |
| MCO | Moody's Corp. | 500.03 | -11.54 |
-2.26% |
Buffett began to discuss The cost of capitalismAccording to him, “In certainty, now suffer more,” and there are abuse, but “unparalleled miracles can work by other economic systems.”
“It is true that our baby has sometimes borrowed in order to add our deposits in the baby. But at the same time, they needed many Americans to keep these protectors or other Americans, and other Americans, and other Americans. Production He did his country wheels. “
“There is an American process no I have always been pretty – there are many justice and propagandists trying to take advantage of those who trust them with their deposits in our country. However, today this kind of infancy has been in full today, and in the end result, due to cruel competition or disruptive innovation, the deposits of Americans have conveyed an amount and quality outside any colonist. “
“Only four million people – and despite the brutal internal war, despite an American, the world has changed the world in the blush's eyes,” he said.
Buffett called on the federal government to be smart and securing a stable currency. (Kevin Dietsch / Getty Images / Getty by Images)
Told a “too In a small way, Berkshir's shareholders took part in the American miracle Continuation of dividends. At first, what was “mushroomed” again “small, almost meaningless” again.
“Berkshire's activities affect all corners of our country. He wrote.
“ButCharlie and I always confessed, Berkshire would not achieve their results in any other local case other than America, but would be all succeeded unless America's Berkshire is never available. “
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“Thank you, I hope to send you bigger payments than we do with Berkshire's sisters and sisters one day. For their sin, they get short straws. They deserve better. And they deserve better. , don't forget what you need to protect a fixed currency required Both wisdom and vigilance, “Buffett wrote.
