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| Permalink View Article Stats (1 comment) Promoted to Headline (H4) on 7/13/11: Murdoch's News Corp. Received Billions in U.S. Tax Refunds Quicklink submitted by Sheila Samples (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| After digging through News Corp.'s financial disclosures, Reuters' David Cay Johnston reports that based on the company's $10.4 billion profits during that time period, the company would have been expected to pay $3.6 billion at the 35 percent corporate tax rate. But instead the company managed to collect $4.8 billion in income tax refunds, 'all or nearly all from the U.S. government.' |
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retraction
by Amy Fried, Ph.D. on Thursday, Jul 14, 2011 at 9:28:58 AM