Wire post by Administrator

I remember the scandal in the late 1980's that quickly disappeared as a public topic of conversation that News Corp was paying less than 1cent in the dollar of revenue in tax…for every dollar earned News Corp was taxed less than a cent, even though tax rates were in the 40% level for business profit….everything including business lunches, fleets, wages, buildings, rents, marketing, was tax deducted and taxable profit was non existent. A business that was growing more than 10% in net worth per year paying 1cent in the dollar tax…but News Corp was at the front of every headline, screaming government is wasting their tax on stimulus spending welfare.