October 23, 2010

Don’t be evil? Google’s tax evasion

Filed under: Uncategorized — ktetaichinh @ 4:39 am

Ireland has given the world many things: Guinness, the Blarney Stone, U2 and James Joyce to name a few. Add to that tax evasion for high tech companies.

Bloomberg reports that Google paid only 2.4% overseas tax over the last few years, thanks to two tax dodging techniques: the “Double Irish” which involves it shuttling foreign profits through its Irish operation to Bermuda, involving two Irish companies (hence: Double) and the “Dutch sandwich” which involves setting up a middle company in the Netherlands, with which Ireland has favourable tax agreements.


Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at

%d bloggers like this: