Elon Musk, Jeff Bezos, other US billionaires paid little or no income tax: report
Amazon Chairman Jeff Bezos (left), Tesla chief Elon Musk. PHOTOS: AFP
AFP, New York
AFP, New York
Several of the richest Americans have paid zero income tax in some years, according to an investigative report published on Tuesday (June 8) that comes as Washington weighs new proposals to address tax avoidance by the wealthiest individuals and companies.
The bombshell report, by New York-based journalism nonprofit ProPublica, showed Amazon Chairman Jeff Bezos paid no income tax in 2007 and 2011, while Tesla chief Elon Musk avoided all payments in 2018.
Some of the richest Americans pay little in income tax compared to their massive wealth - sometimes, even nothing, said ProPublica, which did not disclose how it obtained the confidential tax data.
Several of the US’ richest citizens have paid zero income tax in some years, according to an investigative report published on June 8 that comes as Washington weighs new proposals to address tax avoidance by the wealthiest individuals and companies.
The FBI and tax authorities are both investigating the leak, which a White House spokesperson described as "illegal". The list also includes George Soros, Michael Bloomberg and more.
Musk, Bezos paid zero income tax in some years
AFP/New York
Elon Musk avoided all payments in 2018.
(AFP)
Others who paid nothing in some years included news industry billionaire Michael Bloomberg, activist investor Carl Icahn, and philanthropist and financial giant George Soros
Several of the richest Americans have paid zero income tax in some years, according to an investigative report published on Tuesday that comes as Washington weighs new proposals to address tax avoidance by the wealthiest individuals and companies.
The bombshell report, by New York-based journalism nonprofit ProPublica, showed Amazon Chairman Jeff Bezos paid no income tax in 2007 and 2011, while Tesla chief Elon Musk avoided all payments in 2018.