Sunday, March 27, 2011

Murdochs Legal Tax Evasion

"From the day he became leader, Blair, has written frequently for The Sun and The News of the World. No one wants to offend Mr Murdoch. Which is perhaps why he and his newspapers pay so little tax" John Pilger.

'While most newspapers groups in Britain pay 30% or more in corporation tax, Murdoch's News International (which since 1986 has made profits of nearly £1bn (£979.4m) pays virtually nothing. Thanks to the adroit but quite legal way in which Murdoch's accountants have transferred profits and losses in his multinational company from one country to another, sometimes involving letterbox companies in offshore tax havens. It may be an embarrassing disclosure to both Murdoch and his new friend Tony Blair. It also explains how his BSkyB can afford to secure a virtual monopoly on all football matches played in Britain. And he can afford to wage a price war on weaker papers.'(from Mail on Sunday, 03 Dec 95)
http://www.kirkbytimes.co.uk/news_items/2004_news/scum_history.html