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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (165937)7/13/2011 1:17:25 PM
From: Wharf Rat  Read Replies (2) | Respond to of 541848
 
Report: News Corp. Paid No Taxes After Profiting $10B (Yet Rec’d $4.5B In Refunds)
audio by Colby Hall | 10:30 am, July 13th, 2011
Well, it appears that the hits keep coming. David Cay Johnston is a columnist for Reuters who recently took a look at the corporate finances of Rupert Murdoch’s News Corp., and what he has reported is certain to raise some eyebrows. His column published yesterday suggests that over the last four years, the media conglomerate earned $10 billion dollars and received $4.5 billion in federal refunds after paying zero taxes.

mediaite.com