Sir, Edward Luce raises a valid criticism of tax avoidance strategies employed by Facebook and other Silicon Valley giants (“ What Zuckerberg could learn from Buffett”, December 5). But Warren Buffett may not be the role model to offer as a counter example.
Although Mr Buffett has called for the wealthy to pay more in taxes, he has employed a tax avoidance strategy in his own philanthropy, by donating appreciated Berkshire Hathaway shares to the Bill & Melinda Gates Foundation. Had he sold the shares first, he would have paid the “normal” taxes Mr Luce calls for (in the form of capital gains taxes), and set an example with his actions instead of just with his words.
Hackensack, NJ, US
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