Over the past four years Murdoch's U.S.-based News Corp. has made money on income taxes. Having earned $10.4 billion in profits, News Corp. would have been expected to pay $3.6 billion at the 35 percent corporate tax rate. Instead, it actually collected $4.8 billion in income tax refunds, all or nearly all from the U.S. government.
by David Cay Johnston (http://www.reuters.com/article/2011/07/12/column-dcjohnston-murdoch-idUSN1E76A1NH20110712)
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Interestingly enough here is another article that can make one angry: The evils of unregulated capitalism by Aljazeera...
An Eye-Opening Adventure in Socialized Medicine
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