Warren Buffett has challenged Rupert Murdoch to tax return disclosure-off.
Last week the Murdoch-owned Wall Street Journal ran an editorial asking Buffet, the namesake of a proposed guideline that would ensure that those who make more than $1 million pay proportional tax rates, to make public his tax returns. “No doubt the millions of Americans who could end up paying more because of this claim would love to see the details,” they wrote, urging the Berkshire Hathaway CEO to consider the disclosure an “opportunity to educate the public” on “his secret of tax avoidance.”
When asked during Fortune‘s Mot Powerful Women Summit whether or not he would be willing to do so, Buffett said he would be happy to — so long as News Corp’s most superior might join him.
“I think it might be a terrific idea if they would just ask their boss, Rupert Murdoch, and he and I will meet at Fortune, and we’ll both give you our tax returns and you can publish them,” Buffet said, contending that perhaps he’s not the one with anything to hide. “I’m ready tomorrow morning,” he added.
There never was much harm nor foul in a game of I’ll-show-you-mine, you-show-me-yours…
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