Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.


A U.S. citizen since 1985, Rupert Murdoch avoids the tax hassles of his fellow Americans by basing his News Corporation conglomerate in Australia and spreading his 789 business units among 52 countries, including sunny tax havens such as the Cayman Islands and Bermuda. While News Corp.’s annual report says the majority of its income comes from U.S. operations, the company reportedly uses a combination of international tax law and fancy paperwork to show losses on its U.S. ventures and profits in its low-tax locations. As a result, according to the Washington Post, News Corp. paid $103 million in taxes worldwide last year on a $1.32 billion operating income—a paltry 7.8 percent effective tax rate. That’s about a third of what the biggest U.S. media groups paid. So far, Murdoch’s bookkeepers have kept him legally afloat. According to Business Week, the latest close call—Israel’s largest tax investigation ever—ended with a mere $4 million fine.

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate