Forget taxes, the real problem is healthcare, says Warren Buffett

Omaha

"THE tax system is not crippling our business around the world." That was Warren Buffett, the chairman and chief executive of Berkshire Hathaway, over the weekend at the company's annual meeting, known as the "Woodstock of capitalism".

Mr Buffett, in a remarkably blunt and pointed remark, implicitly rebuked his fellow chief executives, who have been lobbying the Trump administration and Washington lawmakers to lower corporate taxes.

In truth, Mr Buffett said, a spectre much more sinister than corporat…