Yesterday we published a blog entitled “Murdoch: when it comes to taxes, instead of rendering unto Caesar, Murdoch has Caesar rendering unto him.”
It was based on some reporting, done in good faith, by David Cay Johnston, one of the U.S.’ top tax reporters and a Pulitzer prize winner. It was published by Reuters.We now understand that the original story was wrong, so we have withdrawn the blog. As we understand it, this is his first retraction in a 45-year career.
He read positive numbers as being negative and vice versa.
News Corp’s filings show the company changed reporting conventions in its 2007 annual report when it reversed the way it showed positive and negative numbers.
Guess who else got caught?
@nickshaxson Nicholas Shaxson@
Remember, these are the \”tax experts\” who have the plan to change the entire financial system.