Rupert laid bare

Article Abstract:

Rupert Murdoch has built up News Corporation as a global company, and has managed to pay little tax. The company has a complex structure and there is minimalist financial reporting, so it is not easy to discover details about its tax affairs. The company is incorporated in Australia where accounting standards are lax for a developed economy. Profits can be moved across frontiers, since the business is international. Institutional investors may be deterred by the methods used to keep the tax bill low, which may be why other multinationals do not use the same methods.

Tax Management, Publishing industry, Management, Tax accounting, Tax planning, Broadcasting industry, The News Corporation Ltd.

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Flirtation and frustration

Article Abstract:

European media companies are setting up alliances and acquiring minority stakes to achieve this. There is a drive toward consolidation in the industry world wide, but the drive is hampered by particular factors in Europe than tend to keep companies apart. US companies benefit from economies of scale. Legal obstacles may prevent some acquisitions in Europe, and they come both from the European Union and from national regulators. European markets are also more local, while US products tend to be watched in Europe as a whole.

Europe, Laws, regulations and rules

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Duopoly

Article Abstract:

Issues related to the ownership of newspaper publishers and TV broadcasters in Canada are examined in detail.

Canada

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