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How Google Avoided Paying $60 Billion In Taxes

Posted by CmdrTaco on from the just-not-good dept.

bonch writes "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."

5 of 1,193 comments (clear)

  1. OMG by zombieChan51 · · Score: 4, Funny

    Someone actually read TFA

  2. Re:Corporations shouldn't pay any taxes. by theantipop · · Score: 4, Funny

    But corporations are people!

  3. Re:Headline Is So Very Wrong by clarkkent09 · · Score: 4, Funny

    Who rallies in the street to keep poor people paying taxes? This has to be one of the most ridiculous comments ever modded 5 Insightful.

    --
    Negative moral value of force outweighs the positive value of good intentions.
  4. Re:Headline Is So Very Wrong by Hylandr · · Score: 4, Funny

    I would give my left nut to make 50k again.

    I will cut it off myself.

    Anyone Hiring?

    - Dan.

    --
    ~ People that think they are better than anyone else for any reason are the cause of all the strife in the world.
  5. Re:Headline Is So Very Wrong by NevDull · · Score: 4, Funny

    Sorry, we don't have any eunuchs admin requisitions.