NEWS CORPORATION.

     

     A short profile of Rupert Murdoch taken from Class War,  his influence spreads far and wide, so you should know a little about the man.

     Rupert Murdoch is News Corporation, an organisation that has evaded, (avoided) paying what would be considered his fair share in tax.

      Some of Murdoch's tax avoiding assets: Fox, Sky, The Sun, News of the World, The Times, The Financial Times, and Myspace.com. He is rated as the 117th richest person in the world with a net worth of $6.3 billion

        He is a union hater and according to the Economist in 1986 Murdoch helped to smash the British print unions by transferring the production of his newspapers to a non union plant at Wapping in East London. He stated that he would dismiss the 6,000 striking workers who were trying to win some concessions out of the media billionaire. The London Evening Standard called the episode, "the biggest union-busting operation in history."

      According to a BBC report; "Mr Murdoch's die-hard loyalty to the tax loophole has drawn wide criticism." The 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 world wide. That translates as6% 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." 

    So in keeping with the feelings of the ordinary people about occupying and picketing bailed out bankers and tax dodgers we could start a boycott campaign against the tax dodging anti-working class newspapers who will be peddling the crap put out by the millionaire cabal at the Westminster House of Hypocrisy and Corruption, that these cuts are necessary.

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