But, it is this one gem that should have people tearing out their hair, "In Britain, the tax burden on the wealthy elite and corporations has been declining. The top rate of income tax has been reduced from 83% to 40%. The corporation tax rate has been reduced from 52% to 30%, the lowest in British history"
In this 2004 article, Who is Rupert Murdoch?, it cites, “he is a far-right partisan who has used his empire explicitly to pull American political debate to the right. He is also an enabler of the oppressive tactics employed by dictatorial regimes, and a man who admits to having hidden money in tax havens.” Shocker!
As you 'teabag protesters' direct your anger at our government, be doubly angry at a tax cheat in Rupert Murdoch as one reads this piece published in December of 1997, A World of Loopholes, Havens Boosts News Corp.'s Profits. Pay attention to this, “News Corp. has mastered the use of the offshore tax haven. The company reduces its annual tax bill by channeling profits through dozens of subsidiaries in low-tax or no-tax places such as the Cayman Islands and Bermuda.” So, while you are paying taxes for the services you do need, he has not.
As you and I do clamor of our tax bills, this passage is one that will have you seeing red, "In contrast, News Corp.'s main subsidiaries in Australia, Britain and the United States, all relatively high-tax countries, recorded losses that year. Thus, by routing profits through low-tax jurisdictions and, simultaneously, accumulating expenses and recording losses in high-tax domains, News Corp. was able to greatly reduce its overall tax bill."
Well there you have it concerning the man behind the curtain, namely Rupert Murdoch the owner of Fox News and its stooges. Get angry at these tax-havens that have protected him in the past and I suppose right now in the present. While you have been working tirelessly, you have lived up to your end, while he and others just like him have not. Think of that should a police officer, a firefighter or a teacher lose their jobs. Think of that as our soldiers need body armor and their care when they come home.
It is unbelievable to hear Glenn Beck, Neil Cavuto, Sean Hannity and other dupes from Fox News speak of taxes when their boss, Rupert Murdoch has not paid his fair share of taxes. Go after these tax cheats who do use these tax-havens.
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