Rupert Murdoch's News Corp made 'profit' of $4.8bn in US gov income tax refunds | Mail Online: "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."
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