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Murdoch tax rebate reopens international debate

Accountancy Age

AN $882M TAX REBATE received by Rupert Murdoch’s (pictured) News Corporation from Australia is set to reignite the debate over how much tax is paid by international corporations. The reliefs were related to a $2bn (£1.2bn) claim for historic losses made on currency transactions made by its Australian subsidiaries, a disclosure made in the US revealed. The payment was originally expected to be in the region of $600m, but grew to $882m after…

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