News Corp Made ‘Profit’ Of $4.8B Tax Refunds From U.S. Gov’t Over Four Years

[ej510]

The Daily Mail is revealing that:
Rupert Murdoch’s News Corp. collected $4.8 billion in income tax refunds in the last four years, an investigation has uncovered.

The payback means Murdoch’s U.S.-based media empire has actually made money on tax rebates on top of its $10.4 billion in profits. At the standard 35 per cent corporate tax rate the company should have coughed up $3.6 billion in tax.

The relevant figure is the cash paid tax rate. This is the net amount of corporate income taxes actually paid after refunds. For the last four years, it was minus 46 percent, disclosure statements show.
Read more at the Daily Mail http://www.dailymail.co.uk/news/article-2013937/U-S-government-paid-Murdochs-News-Corp--4-8-billion-income-tax-refunds-years.html#ixzz1Ruls1zQV

https://politicore.wordpress.com/2011/07/12/news-corp-made-profit-of-4-8b-tax-refunds-from-u-s-gov%E2%80%99t-over-four-years-u/

[Springer9]

1. They must have the same tax lawyers as Jeffy Immelt,

chairman of President Barack Obama's Council on Jobs and Competitiveness, at GE.

Think we might be screwed?

Is any lube still made in the USA?

[proud patriot]

2. I'm sick of working hard for CORPERATE WELFARE BILLIONARES

how does someone who makes billions in profits , pay not only zero taxes but gets paid with MY TAX DOLLARS 4.8 Billion ? I'm sick of working hard for CORPERATE WELFARE BILLIONARES . This is not a fair Capitalist playing field this is closer to COMMUNISM then any Social security Insurance Program to care for the old and disabled. EVIL EVIL EVIL how could any moral person vote for the politicians whose goal is to give more to Billionare Welfare Queens while taking from the Weak and Sick ?