{"id":24047,"date":"2014-02-17T07:34:48","date_gmt":"2014-02-17T07:34:48","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=24047"},"modified":"2014-02-17T07:33:20","modified_gmt":"2014-02-17T07:33:20","slug":"murdoch-proves-tax-havens-cost-real-people-money","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/02\/17\/murdoch-proves-tax-havens-cost-real-people-money\/","title":{"rendered":"Murdoch proves tax havens cost real people money"},"content":{"rendered":"<p>There is <a href=\"http:\/\/www.theguardian.com\/media\/2014\/feb\/17\/rupert-murdoch-receives-882m-tax-rebate\" target=\"_self\" title=\"\">much discussion in the financial pages <\/a>of the fact that Rupert Murdoch&#39;s News Corporation has recovered about $882 million in tax in Australia from a government decidedly reluctant to pay it.<\/p>\n<p>The repayment relates to a deal done as long ago as 1989 in which the then group was restructured via tax haven companies and no cash actually changed hands at all. <span style=\"line-height: 1.3em;\">I think four things follow. <\/span><\/p>\n<p><span style=\"line-height: 1.3em;\">First let&#39;s stop pretending that tax havens do not undermine the right of democratic states to tax appropriately.<\/span><\/p>\n<p>Second let&#39;s stop pretending the role of the tax proffession in such matters is benign.<\/p>\n<p>Third, let&#39;s recognise that these processes are meant to make the rich richer at cost to the rest of society.<\/p>\n<p>Last, let&#39;s recognise that a general anti-avoidance principe may have considerable benefit in preventing such abuses and in that case make sure we have one in the UK to replace the inadequate General Anti-Abuse Rule we now have. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is much discussion in the financial pages of the fact that Rupert Murdoch&#39;s News Corporation has recovered about $882 million in tax in Australia<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/02\/17\/murdoch-proves-tax-havens-cost-real-people-money\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-24047","post","type-post","status-publish","format-standard","hentry","category-tax-avoidance"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/24047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=24047"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/24047\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=24047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=24047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=24047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}