Advertisement
Canada markets closed
  • S&P/TSX

    22,781.43
    -206.85 (-0.90%)
     
  • S&P 500

    5,408.42
    -94.99 (-1.73%)
     
  • DOW

    40,345.41
    -410.34 (-1.01%)
     
  • CAD/USD

    0.7369
    -0.0038 (-0.51%)
     
  • CRUDE OIL

    68.16
    -0.99 (-1.43%)
     
  • Bitcoin CAD

    73,286.62
    -739.56 (-1.00%)
     
  • XRP CAD

    0.71
    -0.01 (-1.29%)
     
  • GOLD FUTURES

    2,526.80
    -16.30 (-0.64%)
     
  • RUSSELL 2000

    2,091.41
    -40.65 (-1.91%)
     
  • 10-Yr Bond

    3.7100
    -0.0210 (-0.56%)
     
  • NASDAQ

    16,690.83
    -436.83 (-2.55%)
     
  • VOLATILITY

    22.38
    +2.48 (+12.46%)
     
  • FTSE

    8,181.47
    -60.24 (-0.73%)
     
  • NIKKEI 225

    36,391.47
    -265.62 (-0.72%)
     
  • CAD/EUR

    0.6644
    -0.0019 (-0.29%)
     

Berkshire Hathaway Could Pay $15 Billion in Taxes on Apple Stock Sale

Berkshire Hathaway Could Pay $15 Billion in Taxes on Apple Stock Sale

Advisors with clients afraid to sell a stock because they don’t want a big capital-gains tax bill can share Warren Buffett’s example of not letting the tax tail wag the dog. Berkshire Hathaway sold stock in Apple despite the fact it would generate about $15 billion of tax payments, Barron’s estimates. Corporations like individuals need to pay taxes on the sale of appreciated securities.