Rupert Murdoch’s empire receives $882m tax rebate from Australia
That’s correct. In 2013, Billionaire Rupert Murdoch’s media group received a $882m tax rebate from Australia. “The payment by a “foreign tax authority” was revealed in accounts published by News Corporation in the US earlier this month and related to a $2bn claim by News Corp for historic losses on currency transactions by its Australian subsidiaries. The payment was estimated to be worth $600m to News Corp but the final figure grew to $882m after interest charges. The Australian Tax Office wanted to challenge the claim but was overruled by the Federal Court of Appeal in July last year,...
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