Murdoch's News Corp. Received Billions in U.S. Tax RefundsQuicklink submitted by Sheila Samples Permalink
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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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