Home International Tax details of US super-rich allegedly leaked
International - 1 week ago

Tax details of US super-rich allegedly leaked

Tax details of US super-rich allegedly leaked

Details claiming to reveal how little income tax US billionaires pay have been leaked to a news website.

ProPublica says it has seen the tax returns of some of the world’s richest people, including Jeff Bezos, Elon Musk, and Warren Buffett.

The website alleges Amazon’s Mr. Bezos paid no tax in 2007 and 2011, while Tesla’s Mr. Musk paid nothing in 2018.

A White House spokeswoman called the leak “illegal”, and the FBI and tax authorities are investigating.

Pro said it was analyzing what it called a “vast trove of Internal Revenue Service data” on the taxes of the billionaires and would release further details over coming weeks.

While the BBC has not been able to confirm the claims, the alleged leak comes at a time of growing debate about the amount of tax paid the wealthy and widening inequality.

ProPublica said the richest 25 Americans pay less in tax – an average of 15.8% of adjusted gross income – than most mainstream US workers.

Jesse Eisinger, senior reporter and editor at ProPublica, told the Today Programme: “We were pretty astonished that you could get it [tax] down to zero if you were a multi-billionaire. Actually paying zero in tax really floored us. Ultra-wealthy people can sidestep the system in an entirely legal way.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Nato has warned of China’s military strength, but said it did not want a new Cold War with China

China has accused Nato of slandering its peaceful development after alliance leaders warne…