Murdoch: Profits 10Bn Fed refunds 4.5Bn Tax paid 0

joseph brand

From here:
http://newsmobius.com/2011/07/report-news-corp-paid-no-taxes-after-profiting-10b-yet-rec%E2%80%99d-4-5b-in-refunds/

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.

Makes for some nice reading.

Biggins

Thats nothing in some cases.

See: http://img810.imageshack.us/img810/5527/payyourtaxesthese10comp.jpg

orourkeda

nice

RichieC

yea but they hire the plebs who pay taxes...derp

we blew alot more on deadbeat banks

Biggins

Deleted User wrote: »

we blew alot more on deadbeat banks

True - but hopefully it will culminate to an eventually end.
The big boys in mentioned post 1 & 2 do it relatively every year which in the long run (or even a short run) adds up to much more.