Tax Inquiry: News Corp boss grilled over tax allegations, accuses Fairfax of ‘relentless’ attack

April 9, 2015 9:27

The CEO of News Corp Australia has been questioned about whether Australia’s largest newspaper publisher siphoned some $4.5bn of revenue from its Australian business virtually tax-free over two years.

Appearing before a Senate inquiry on corporate tax avoidance, Julian Clarke addressed the allegations head-on, after they were first aired in the Fairfax newspapers on Monday, saying: “We want to pay… we must pay… the right amount of tax. No more and no less.”

Clarke, along with News’s Australian chief financial officer Susan Panuccio, faced more than 40 minutes of questioning by Senators who questioned the legality of arrangements in which billions of dollars were repatriated to overseas companies within the News Corp group.

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Nic Christensen

Nic Christensen worked for Mumbrella from 2013 to 2016, in roles including deputy editor and media & technology editor. He is former media writer for The Australian and has also worked as a reporter for The Daily Telegraph and senior producer for Radio 2GB.

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2 COMMENTS

Sam 9 Apr 15

Yeh like News Corp would never relentlessly attack would they?
Unless salaried or wage earners can ‘base’ themselves offshore the tax system still disproportionately favours the rich and corporations.
The USA & UK successfully pulled tax havens into line after 9/11 when they threatened them with all sort of sanctions if they continued hosting terrorist organisation bank accounts.

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Cannes(d) Laughter 9 Apr 15

So basically Newscorpse runs The Oz so it has it’s own attack dog ready to snarl at pol lies and anyone else it decides to run a relentless campaign against.

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