Inside Google's $1 Billion-a-Year Tax Cutting Strategy By Jesse Drucker Oct. 21 (Bloomberg) Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to B
Huffington Post, based on the Bloomberg article. Concludes: "The Google story also points to the need for much better global cooperation to shut down tax havens. Here, too, big plans have been announced -- including by the OECD. But nothing much ever seem
by Dermot Egan, founding director of the Hub, Twitter @dermotegan "Even Google, whose motto is "Don't be evil", does not seem to count avoidance of tax as bad. Google has managed to avoid paying $3.1bn (£1.9bn) in the last three years by moving most of i
Google Inc. (GOOG) avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show.
Closing the loopholes in tax laws that unfairly benefit Google must be clearly distinguished from the discussion of possible support to the ailing press, writes Jan Malinowski.