News Corporation's losses (The Age 21/8) are a drop in the bucket when compared to the 882 million dollar windfall News Corporation received from the long suffering Australian taxpayer in 2013. Using a little bit of creative accounting, Mr Murdoch was able to legally engineer a tax refund in Australia while\ making hundreds of millions of dollars profit from his extensive global empire.
The extraordinary aspect of what can only be described as legalised theft, is that the Federal
Treasurer, Joe Hockey, refused to comment on News Corporation's windfall, the Australian Tax Office didn't bother to appeal this extraordinary decision by a single Federal Court judge, Mr. Abbott the man who promised to give up his last breath (during the super profits mining tax debate) to ensure some of the richest corporations on the planet did not pay one extra cent in tax, was missing in action and Her Majesty's Loyal Opposition was nowhere to be seen. What occurred last year has left an indelible stain on Australia's political, judicial and business community. Poor fellow, my country (apologies to Xavier Herbert).
Dr. Joseph Toscano
Tel: 0439 395 489