Buffet’s NetJets Sued For $366.3 Million In Back Taxes

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HFA Staff
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NetJets, a susidiary of Warren Buffet’s Berkshire Hathaway (BRK-A), (BRK-B), was sued by the United States government on Thursday last. The suit says NetJets is liable for unpaid taxes to the tune of $366.3 million. This is a counter suit related to a filing the company had made last November against the government claiming $642.7 million in a dispute over mistakenly applied taxes. The government alleges that four of the companies in the NetJets group had “failed, neglected or refused to pay its federal tax liabilities … in full”. The suit named four NetJets subsidiaries: NetJets Large Aircraft, Executive Jet…

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