Rupert MURDOCH is a Tax Dodger

[Octafish]

Maybe the Liar from Down Under doesn't like to see his money spent on war and welfare for the rich. But, I doubt it.



"If I were Ed Ruscha..." (detail) by Alison Van Pelt

Tax dodging helps Murdoch buy the Journal

By Lucy Komisar
Aug. 1, 2007

Where did Rupert Murdoch get $5 billion to buy up the Wall St. Journal? Beyond normal profits, his coffers were stuffed by dodging taxes in the U.S. and elsewhere. Some of that is your money!

The Economist, in 1999, investigated Murdoch’s corporate tax affairs and discovered that a collection of 800 offshore companies help him cut corporate taxes to 6%!

According to the magazine at the time, “In the four years to June 30th last year <1998>, News Corporation and its subsidiaries paid only A$325m ($238m) in corporate taxes worldwide. In the same period, its consolidated pre-tax profits were A$5.4 billion.

SNIP...

The Economist wrote, “Finding out the specifics of News Corporation’s tax affairs is difficult because of the company’s complex structure. In its latest accounts, the group lists roughly 800 subsidiaries, including some 60 incorporated in such tax havens as the Cayman Islands, Bermuda, the Netherlands Antilles and the British Virgin Islands.

CONTINUED...

http://thekomisarscoop.com/2007/08/tax-dodging-helps-murdoch-buy-the-journal/

I knew there was something I was thinking of before the Kardashian thing: Rupert Murdoch Owns the GOP. Hmm. Don't they also avoid taxes?

[malaise]

1. I'm shocked I tell you

Isn't James going before the Commons tomorrow?

[Octafish]

2. The one who sees things? Tomorrow.

Sure James has had some right proper coaching since his first visit.

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James Murdoch's make or break day in parliament

By Peter Lauria and Kate Holton
NEW YORK/LONDON | Wed Nov 9, 2011 12:04pm EST

Reuters) - James Murdoch is about to face his day of reckoning.

The News Corp deputy chief operating officer will appear before a special committee of Britain's parliament on Thursday for a second round of questioning about a phone-hacking scandal at his company's now-defunct News of the World tabloid.

According to company insiders, Murdoch family confidantes, analysts and industry observers, the committee's success in pinning the widespread corruption that took place at News Corp's British unit News International on James -- or how deftly James deflects responsibility -- will ultimately determine if he stays at News Corp as the likely successor to his father, Rupert.

Thursday is a make or break day for James," said a News Corp insider and Murdoch family confidant who asked to remain anonymous. "The situation is much more dire than last time around."

To put the gravity of that comment into perspective, consider reports in recent weeks detailing how Elizabeth Murdoch, eldest of Rupert's three children from his second marriage, pushed for James's ouster from the company during preparations for his first appearance before parliament in July; and how Rupert seriously pondered making the move.

CONTINUED...

http://www.reuters.com/article/2011/11/09/us-newscorp-murdoch-parliament-idUSTRE7A83Y420111109

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Hope he's a wow!

D'ya think his sister set him up, Mizzie? She's got better lawyers'n him.