The Piper Pays Him – There is a Retraction on The Original Article

As per Reuters today (7/12/11), Rupert Murdoch’s various enterprises have figured out how allocate resources, income, losses and things I don’t understand and probably never knew about so that the United States ends up paying his corporation. The News Corporation pays net negative taxes. Worth a read, but be warned, you may throw up in your mouth.

One commenter also points out that GE pays net negative taxes as well, as per the New York Times.

Read it here.