Google's 'Dutch Sandwich' Shielded 16 Billion Euros From Tax (bloomberg.com)

Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving at least $3.7 billion in taxes that year, regulatory filings in the Netherlands show. From a report: Google uses two structures, known as a "Double Irish" and a "Dutch Sandwich," to shield the majority of its international profits from taxation. The setup involves shifting revenue from one Irish subsidiary to a Dutch company with no employees, and then on to a Bermuda mailbox owned by another Ireland-registered company. The amount of money Google moved through this tax structure in 2016 was 7 percent higher than the year before, according to company filings with the Dutch Chamber of Commerce dated Dec. 22 and which were made available online Tuesday.

Comments

Re:Nice

[HornWumpus]

Paying taxes is evil. Duh.

Have you been paying any attention for the last 100 years? Government is the PROBLEM.

Good for Google. Too bad we can't all do this.