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How Google Avoided Paying $60 Billion In Taxes

http://tech.slashdot.org

"Google only pays a 2.4% tax rate using money-funneling techniques known as the 'Double Irish' and the 'Dutch Sandwich,' even though the US corporate income tax is 35%. By using Irish loopholes, money is transferred legally between subsidiaries and ends up in island sanctuaries that have no income tax, giving Google the lowest tax rate amongst its technology peers. Facebook is planning to use the same strategy."

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stuntmantdave's picture
Created by stuntmantdave 3 years 25 weeks ago – Made popular 3 years 24 weeks ago
Category: Taxes, Fees & Fines   Tags:

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