Google investigated for tax evasion - Shifted money off shore | TechEye
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According to the Sydney Morning Herald, Google had cut its taxes by $3.1 billion in the three years prior using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.
Amongst the financial geniuses, who bought us the world economic crisis, Google cut its worldwide tax bill by about $1 billion a year using a pair of strategies called the “Double Irish” and “Dutch Sandwich”. These move profits through units in Ireland, the Netherlands and Bermuda.
This meant that it could report an effective tax rate of 18.8 percent in the second quarter, less than half the average combined US and state statutory rate of 39.2 percent.