WASHINGTON – November 2, 2017 – 21st Century Fox released a statement following U.S. tax legislation unveiled today by House Ways & Means Chairman Kevin Brady (R-TX).
“Today’s announcement is a major step toward meaningful tax code reforms that will help grow the U.S. economy and boost investment and opportunity for American job-creators like 21st Century Fox. We are pleased to see that this legislation appropriately reduces the corporate tax rate and continues to rightfully treat advertising costs as an ordinary business expense. We look forward to a more fulsome review of this legislation’s other provisions and commit to work constructively with Congressional leaders and the Administration to advance pro-growth legislation.”
About 21st Century Fox
21st Century Fox is the world's premier portfolio of cable, broadcast, film, pay TV and satellite assets spanning six continents across the globe. Reaching more than 1.8 billion subscribers in approximately 50 local languages every day, 21st Century Fox is home to a global portfolio of cable and broadcasting networks and properties, including FOX, FX, FXX, FXM, FS1, Fox News Channel, Fox Business Network, FOX Sports, Fox Sports Network, National Geographic Channels, STAR India, 28 local television stations in the U.S. and more than 300 international channels; film studio Twentieth Century Fox Film; and television production studios Twentieth Century Fox Television and a 50 per cent. ownership interest in Endemol Shine Group. The Company also holds approximately 39.1 per cent. of the issued shares of Sky, Europe’s leading entertainment company, which serves 22 million customers across five countries. For more information about 21st Century Fox, please visit www.21CF.com.