Very impressive link SCT. And even more impressive journalistic self-investigation on the part of the authors - something you will not likely see in the MSM which is more concerned with pop-culture like runaway balloons with no kid in them. The parts that most impressed me were the last three about tax havens. I'll quote the first here:
QUOTE
MURDOCH THE CORPORATE TAX EVADER: The BBC reported that "Mr. Murdoch's die-hard loyalty to the tax loophole has drawn wide criticism" after a report found that in the four years prior to June 30, 1998, "Murdoch's News Corporation and its subsidiaries paid only $325 million in corporate taxes worldwide. That translates as 6% of the $5.4 billion consolidated pre-tax profits for the same period…By comparison another multi-national media empire, Disney, paid 31%. The corporate tax rates for the three main countries in which News Corp. operates - Australia, the United States and the UK - are 36%, 35% and 30% respectively. Further research reveals that Mr. Murdoch's main British holding company, News Corp. Investments, has paid no net corporation tax within these shores over the past 11 years. This is despite accumulated pre-tax profits of nearly $3 billion."
The legal tax rate of 35% quoted for the US is probably rarely applied to Fox, other MSM or most international corporations, thanks to some of the best international accountants/lawyers in the business, and influence over politicians through perverting media coverage of the issue (that's totally leaving aside donations to campaigns). And from the final line in the last section
QUOTE
IRS officials point out that "U.S.-based companies face U.S. taxes on their offshore subsidiaries in the Caymans and elsewhere if more than 50 percent of the subsidiary is controlled by American shareholders. But that doesn't apply to News Corp., an Australian company."
it is obviouse how Murdoch manipulates both our biggest economic lender/competitor (China) and our staunchest ally (Australia) to his financial benefit. Nothing makes it more clear why financial reform is a 'pressing' need.