The US government is investigating how some of the wealthiest Americans, including Amazon CEO Jeff Bezos and Tesla CEO Elon Musk, had their tax information published online.
Nonprofit news site ProPublica published a report on Tuesday showing how much the 25 richest Americans — including Bezos, Musk, Berkshire Hathaway CEO Warren Buffett, Microsoft founder Bill Gates, and Facebook CEO Mark Zuckerberg — paid in tax. The report highlighted how two key tax loopholes benefit billionaires.
"I share the concerns of every American for the sensitive and private nature and confidential nature of the information the IRS receives," IRS Commissioner Charles Rettig said in a Senate Finance Committee hearing. The hearing had been scheduled before the report was published.
"Trust and confidence in the Internal Revenue Service is sort of the bedrock of asking people and requiring people to provide financial information," Rettig said.