Australian Tax Office forced to pay Rupert Murdoch $880m - Polidicks

[IMG]http://images.smh.com.au/2014/02/17/5174288/mb_wide_murdoch-20140217185615159865-620x349.jpg[/IMG] [QUOTE]An $880 million payout to Rupert Murdoch's News Corporation has reignited the debate over whether global companies pay their fair share of tax in Australia. News was paid the money after winning a long-running legal battle with the Tax Office relating to a 1989 restructure of the media empire involving billions of dollars and a company in the tax haven Bermuda. The ATO had refused to allow the deduction but News Corporation defeated the ATO in the Full Federal Court in July and the money began flowing to the company over the Christmas-New Year break. Mark Zirnsak, who is the Australian representative of advocacy group Tax Justice Network and was a member of a panel set up by the previous government to review the low tax paid by some multinational companies, said the payout ''highlights the urgent need for reform of the global tax rules''. ''Multinational companies should not be able to use their legal structures involving tax havens to dodge tax in ways that nationally based companies cannot,'' he said. The payout represents a significant proportion of the $16.8 billion deterioration in the federal budget announced by Treasurer Joe Hockey in December. It all but wipes out $1.1 billion in savings announced by Mr Hockey when he unveiled the midyear economic and fiscal outlook on December 17. Mr Hockey did not mention the payout at the time, instead blaming the budget's ''fiscal deterioration'' on a softer economic outlook, downgraded exports forecasts and the previous Labor government. Asked why Mr Hockey did not mention the financial blow, a spokeswoman said: ''The speech on the day was about detailing the broad fiscal mess the government had inherited.'' Read more: [url]http://www.smh.com.au/business/tax-office-forced-to-pay-rupert-murdoch-880m-20140217-32weo.html#ixzz2tqZHG38a[/url][/QUOTE]

Murdoch is a dick.

[QUOTE]Mark Zirnsak, who is the Australian representative of advocacy group Tax Justice Network and was a member of a panel set up by the previous government to review the low tax paid by some multinational companies, said the payout ''highlights the urgent need for reform of the global tax rules''.[/QUOTE] Amen, Brother. So much money to pay off a company when it could be paying the bills of the country.

Rupert Murdouch's payout is more than what the national broadcaster, the ABC, gets in its budget

just throw it in the pile

I worked in Australia about 2-3 years ago for a years working-holiday visa. 3 weeks ago I get a letter saying Australian tax owes me $770. [sp]You guys are too honest sometimes[/sp]

[QUOTE=Four20;43981213] [sp]You guys are too honest sometimes[/sp][/QUOTE] Hey, you earned it mate.

Mr Murdoch is the closest thing to a real life Mr Burns/Bond villain.

I'm pretty sure both Mr. Burns and Elliot Carver (The villain from Tomorrow Never Dies) were based off him.

Having a quick look around, I can't seem to find any other sources apart from this article, I would be certain the ABC would be all over this if it was true, so there's probably something we're not hearing about here. [editline]20th February 2014[/editline] Also this is a few days old, I haven't heard about it at all. [editline]20th February 2014[/editline] Also to add to this further, Sidney morning Herald is owned by Fairfax Media and they hate Murdoch and Newscorp.

[QUOTE=Whomobile;43981308]Having a quick look around, I can't seem to find any other sources apart from this article, I would be certain the ABC would be all over this if it was true, so there's probably something we're not hearing about here. [editline]20th February 2014[/editline] Also this is a few days old, I haven't heard about it at all. [editline]20th February 2014[/editline] Also to add to this further, Sidney morning Herald is owned by Fairfax Media and they hate Murdoch and Newscorp.[/QUOTE] Fairfax puts more money into investigative media than any other Australian news outlet so I'd be pretty shocked if this was blown up in any way.

[QUOTE=LuaChobo;43981342]but if the ABC reported on anything thats against abbotts(murdochs) reasoning they would get yelled at again![/QUOTE] Tony Abott already criticised the ABC, the organisation that is by law required to have no bias, for not having positive bias towards Australia and the Abott Government and glazing over negative things about Australia. You can really tell that if he wouldn't be lynched for it, he'd try to defund or screw with the ABC.

Considering how much they're jumping over the asylum seeker problems I don't think they really give a fuck what Mr Abbott thinks at this point.

[QUOTE=Four20;43981213]I worked in Australia about 2-3 years ago for a years working-holiday visa. 3 weeks ago I get a letter saying Australian tax owes me $770. [sp]You guys are too honest sometimes[/sp][/QUOTE] They'll have your balls on a platter if you shorthand them though..

I take solace in the fact that Rupert Murdoch is moving closer and closer to death, he's already showing signs of dementia. [QUOTE=Whomobile;43981370]Considering how much they're jumping over the asylum seeker problems I don't think they really give a fuck what Mr Abbott thinks at this point.[/QUOTE]Is Abbot capable of thinking? It seems like every time he tries all that comes out is ah.ahhh.....r....r . [editline]20th February 2014[/editline] [QUOTE=TheDecryptor;43981250]I'm pretty sure both Mr. Burns and Elliot Carver (The villain from Tomorrow Never Dies) were based off him.[/QUOTE]And that boss in Anchorman 2.

[QUOTE=RoboChimp;43981452]I take solace in the fact that Rupert Murdoch is moving closer and closer to death, he's already showing signs of dementia. [/QUOTE] i'll probably literally jump for joy when that piece of shit finally kicks it lol

[QUOTE=Lachz0r;43981537]i'll probably literally jump for joy when that piece of shit finally kicks it lol[/QUOTE] Some equally smug overlord will take his throne.

[QUOTE=Bradyns;43981606]Some equally smug overlord will take his throne.[/QUOTE] true that, but still, murdochs death will be something special

[QUOTE=RoboChimp;43981452]I take solace in the fact that Rupert Murdoch is moving closer and closer to death, he's already showing signs of dementia. Is Abbot capable of thinking? It seems like every time he tries all that comes out is ah.ahhh.....r....r . [/QUOTE] It'll be a good day when he takes his last breath, guy's a huge fucking cunt but all the media agencies will be crying (except Fairfax) over his death Like the Chasers say "Yes, Even Pricks Turn Into Top Blokes After Death"

I like the idea of Murdoch getting dementia or going crazy and suddenly having half the first world countries all suddenly start passing nonsensical laws.

[QUOTE=Lachz0r;43981619]true that, but still, murdochs death will be something special[/QUOTE] I'll definitely be cracking open a cold one that day.

[QUOTE=Bradyns;43981644]I'll definitely be cracking open a cold one that day.[/QUOTE] Here's a bookmark you may find useful. [url]http://www.ismurdochdeadyet.co.uk/[/url]

RIP Australia

[QUOTE=Brandy92;43982303]Here's a bookmark you may find useful. [url]http://www.ismurdochdeadyet.co.uk/[/url][/QUOTE] Imagine media watch's episode when Murdoch dies

I can't wait until Murdoch dies and SH tells us that we're terrible people for celebrating somebody's death. I reserve the right to speak ill of the dead. To do otherwise simply because they're deceased is silly.

[IMG]http://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/t1/1959789_10152636368578989_460695219_n.jpg[/IMG]

What a fucking wanker.

[QUOTE=Bradyns;43981606]Some equally smug overlord will take his throne.[/QUOTE]Could something or some group....I don't know.. interfere with that process...somehow? :yarr: