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Google Moves Billions Of Dollars To Bermuda

  • Reuters, Friday, February 19, 2016 3:10 PM

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.

Read the whole story at Reuters »

1 comment about "Google Moves Billions Of Dollars To Bermuda".
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  1. Robin Caller from LOLA GROVE, February 19, 2016 at 6:19 p.m.


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