You are hereAlterNet: How You End Up Bankrolling Fox News: News Corp. and Rupert Murdoch Weasel Out of Paying Taxes

AlterNet: How You End Up Bankrolling Fox News: News Corp. and Rupert Murdoch Weasel Out of Paying Taxes


When giant, prosperous, multinational corporations get out of their tax obligations, ordinary citizens are the ones who are forced to make up the shortfall. 

March 21, 2011- A few weeks ago video pimp and propagandist, James O’Keefe, released heavily edited and deliberately deceptive video that purported to expose an institutional bias at National Public Radio. It was quickly debunked and denounced as a fraud by analysts across the political spectrum, including those at Glenn Beck’s web site, The Blaze.

Nevertheless, partisans in Congress and agenda-driven conservatives in the press continue to behave as if the video were legitimate. The House of Representatives, on a party-line vote, passed a resolution to defund NPR -- a purely symbolic gesture as the Senate is not likely to concur.

The latest attack comes from former NPR correspondent, and confessed bigot, Juan Williams, in an op-ed for The Hill. After first conceding that “NPR is an important platform for journalism,” Williams joins his conservative comrades in calling for federal defunding of NPR. But he also reveals his self-serving and vengeful motivation by slandering NPR in saying that…

“They’re willing to do anything in service of any liberal with money. This includes firing me and skewing the editorial content of their programming.”

Nowhere in the article did Williams support his contention that “liberal money” was behind either his termination or any of its reporting. This is nothing more than a personal vendetta on Williams’ part. He is merely using the funding debate to strike his own blows against a former employer for whom he obviously bears a deep resentment.

However, if the right wants to introduce the issue of federal funding of the media into the public debate, they should be prepared to see their own Fox gored. Fox News has been the beneficiary of government largess for years and it is time stop it and make Fox pay its own way. As far back as 1999, there have been reports documenting how News Corp, Fox’s parent company, exploited loopholes in tax laws that permitted them to avoid levies that all other citizens have to pay.

From The Economist:

“…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. So News Corporation has paid an effective tax rate of only around 6%. By comparison, Disney, one of the world’s other media empires, paid 31%. Basic corporate-tax rates in Australia, America and Britain, the three main countries in which News Corporation operates, are 36%, 35% and 30% respectively.”

FULL STORY HERE:

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