Business Standard

Tax law gives Warren Buffett's Berkshire Hathaway a big boost in value

Warren Buffett got a $29-billion boost to net earnings in the fourth quarter from the tax code changes.

Warren Buffett, chairman and CEO of Berkshire Hathaway
Premium

Warren Buffett, chairman and CEO of Berkshire Hathaway

Bloomberg
Book value, a metric he’s called a “crude, but useful” way to track the conglomerate’s worth, climbed 13 per cent to $211,750 per Class A share at the end of 2017 compared to three months earlier, the company said Saturday in a statement. Analysts at Barclays last month predicted that the measure of assets minus liabilities would rise as Berkshire lowered its tax liability on some appreciated investments. 

Buffett had a mixed reaction to the tax overhaul passed by Congress last year. In January, he praised how the changes mean business owners will get a bigger share of profits and said

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 25 2018 | 8:30 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com