Google Inc. continued to reduce its taxes for another year by taking advantage of loophole structures—this time shifting $22.6 billion.
The world’s largest search engine and subsidiary of Alphabet Inc. moved 19.9 billion euros in 2017 to Bermuda through intercompany transactions flowing from a shell company in the Netherlands, according to a filing by Google Netherlands Holdings B.V. with the Dutch Chamber of Commerce.
The information comes as tax authorities around the world blast Google for not paying enough tax.
Google used a “Double Irish” with a “Dutch Sandwich” structure to steer its international profits away from higher ...
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