close

Practice

Business

Tax

Technology

Regulation

Resources

Rankings

Advertise With US

    Information

    Attention turns to News Corp tax affairs

    Attention turns to News Corp tax affairs

    News Corp's effective tax rate below US corporate tax rate

    Author Writer Date published July 13, 2011 Categories

    WITH RUPERT MURDOCH’S business empire under intense scrutiny, attention has turned to News Corp’s tax affairs.

    Its latest annual statement to the Securities and Exchange Commission shows News Corp’s effective tax rate at 20%, compared to the US’ 35% corporate tax rate, reported the FT.

    Tax advisors said News Corp had benefited from its use of low tax jurisdictions to recognise profits, deferring taxes and speeding up the depreciation of its assets.

    Share

    Subscribe to get your daily business insights

    More about:

    Get the latest analysis and reports delivered to your inbox daily

    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    1m Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    2m Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    3y Accountancy Age

    Turn Accounts Payable into a value-engine

    In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

    View resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    2m Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

    Related Articles

    Deloitte and SEC to battle it out in court over Chinese audit
    Accounting Firms

    Deloitte and SEC to battle it out in court over Chinese audit

    11y Rachael Singh

    Deloitte and SEC to battle it out in court over Ch...

    Deloitte requests judge throw out SEC case to force it to reveal documents of audit of Chinese IT company Read More...

    View article
    IFRS doesn't fit with XBRL technology, says US watchdog
    Accounting Standards

    IFRS doesn't fit with XBRL technology, says US watchdog

    13y Rachael Singh

    IFRS doesn't fit with XBRL technology, says US wat...

    SEC deputy chief accountant Mike Starr is concerned IFRS is too limited for new technology to standardise finance reports Read More...

    View article
    Standards chairman must be part-politician
    Accounting Standards

    Standards chairman must be part-politician

    14y Mario Christodoulou

    Standards chairman must be part-politician

    "The final decision gives a blend of political and policy making experience" trustee head Tommaso Padoa-Schioppa tells Accountancy Age Read More...

    View article
    SEC names new CFO
    Company News

    SEC names new CFO

    14y Kevin Reed , Writer

    SEC names new CFO

    Kenneth Johnson is the new CFO of the SEC Read More

    View article
    SEC helps listed companies with XBRL
    Company News

    SEC helps listed companies with XBRL

    14y Rachael Singh

    SEC helps listed companies with XBRL

    SEC to hold XBRL lessons for businesses Read More...

    View article
    SEC to provide guidance on climate change reporting
    Company News

    SEC to provide guidance on climate change reporting

    14y Rachael Singh

    SEC to provide guidance on climate change reportin...

    The Securities and Exchange Commission chairman confirms companies will receive guidance on environmental reporting issues Read More...

    View article
    SEC charges Gen Re for role in AIG accounting fraud
    Company News

    SEC charges Gen Re for role in AIG accounting fraud

    14y David Jetuah

    SEC charges Gen Re for role in AIG accounting frau...

    Berkshire Hathaway subsidiary pays $12.2m to settle charges from the SEC US markets watchdog for helping AIG and Prudential Financial Inc "manipulate ...

    View article
    SEC charges Hurricane Katrina firm with accounting fraud
    Company News

    SEC charges Hurricane Katrina firm with accounting fraud

    14y Kevin Reed , Writer

    SEC charges Hurricane Katrina firm with accounting...

    Home Solutions of America execs charged with fraudulently booking revenues to inflate its share price, after Hurricane Katrina Read More...

    View article