Reuters reported Friday that in 2014 Google, a Alphabet subsidiary, transferred 11.7 billion Euros -- about $13 billion -- to Bermuda in an effort to minimize the taxes it had to pay on its income through a little tax strategy Reuters call "double Irish, Dutch Sandwich." It allowed Google to pay the tax rate of 6% on its non-U.S. profits last year -- around a quarter the average tax rate in its overseas markets. Toby Sterling explains.
Patriotism.