Tax Accounting Evil at Google?

theodp writes "In its annual report, Google said it's done no tax-accounting evil, but the search giant acknowledged that both the IRS and SEC are taking a look at the way in which it accounts for income tax. Google is one of a number of U.S. companies that have come under fire for allegedly practicing 'profit laundering', i.e., moving book profits offshore to evade millions and even billions in taxes to the country where it really operates. In past SEC filings, Google has credited its Irish subsidiary for reducing its effective tax rate."

Comments

Google Farts

[Anonymous Coward]

Slashdot smells it! More at ten!

Re:Google no differnt than the rest

[Anonymous Coward]

Meanwhile, we, the Dutch, are pretty proud of IKEA being a Dutch company. Well, for tax purposes. So, we welcome Maersk!

When being raped, it is best to save something.

[mtraskos35826]

Maybe if Google didn't have to pay 40% of its profits in taxes, they wouldn't have to spend millions on accountants to move money. We have all seen the fantastic things that Google has done with the money they have, just think of what they could have done (4D Google earth, Google desktop that doesn't take up 1GB, chocolate pudding that tastes as good as Bill Cosby thought it should taste... who knows?) if the government didn't rape them for being successful.
If anything, we should be proud that Google doesn't put money into the vast wasteland of government spending.
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- Seconds per year ~ Pi * 10^7

navel and air war with Iran

[phunctor]

Innie or outie? -- phunctor

Axis

[offlerthecrocgod]

Now that Ireland has joined the Axis of Evil they can soon expect to be liberated by the US. Yumm, Taco Bell here I come.

Is it evil to screw the government?

[Gothmolly]

Does it cancel out?