Google Shifted $22.8B To Bermuda Via Shell Co., Filing Says
Law360 (January 7, 2019, 5:37 PM EST) -- Google Inc. used a legal mechanism to transfer €19.9 billion ($22.8 billion) through a Dutch shell company to a Bermuda-registered entity in 2017 for tax purposes, according to financial records filed recently with a quasi-public body in Amsterdam.
Google Inc. used a tax avoidance technique labeled "Double Irish with a Dutch Sandwich" to move $22.8 billion to Bermuda for tax purposes. (AP) The tech giant moved the cash using a tax avoidance technique that practitioners have labeled “Double Irish with a Dutch Sandwich,” according to the most recent annual report of Google Netherlands Holdings BV, filed with the Netherlands Chamber of...
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