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 Good for them: News Corporation and Telstra Corporation screwing the taxman - imbeciles whining

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RR Phantom

RR Phantom

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Good for them: News Corporation and Telstra Corporation screwing the taxman - imbeciles whining Vide
PostSubject: Good for them: News Corporation and Telstra Corporation screwing the taxman - imbeciles whining   Good for them: News Corporation and Telstra Corporation screwing the taxman - imbeciles whining Icon_minitimeSun Feb 15, 2015 6:17 pm
Rupert Murdoch's News Corporation and Telstra Corporation are lending money to their cashed-up pay TV business Foxtel at 12 per cent, claiming tax deductions on the loan and lending the money back to themselves at an interest rate of zero.

Good for them: News Corporation and Telstra Corporation screwing the taxman - imbeciles whining Article%20Lead%20-%20wide6620959113f7s1image.related.articleLeadwide.729x410.13f3nb.png1424031645203.jpg-620x349

An investigation by Fairfax Media has found this irregular transaction helped the Foxtel Partners reduce their tax in Australia, but the ATO seems to have missed out in taxing the interest income. Both companies have responded by saying they comply with tax laws although neither was prepared to address specific questions on the Foxtel transaction.

Read more: http://www.smh.com.au/business/media-and-marketing/news-loans-to-foxtel-questioned-20150215-13f3nb.html#ixzz3RrIRRQv4
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Good for them: News Corporation and Telstra Corporation screwing the taxman - imbeciles whining PgkowJT
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