Filings: Google moved $19.2B to Bermuda shell company in 2016, up 7% YoY, to save $3.7B+ in taxes; money moved between Irish firms and Dutch firm with no staff
'Black Mirror' and Why Tech Should Be Feared Luke Stangel / Silicon Valley Business Journal : Google moved $19.2B into Bermuda shell company in 2016, new filings show Nick Statt / The Verge : Google still exploiting tax loopholes to shelter billions in overseas ad revenue Mike Wheatley / SiliconANGLE : Google saved itself $3.7B in taxes in 2016 thanks to Irish legal loophole Brandy Betz / Seeking Alpha : Google saved $3.7B in taxes through Irish, Dutch tax structure Abner Li / 9to5Google : ‘Double Irish’ & ‘Dutch Sandwich’ loopholes saved Google at least $3.7 billion in 2016 taxes Tweets: Marshall Steinbaum / @econ_marshall : Incredible amount of value-added produced on the rim of a submerged caldera in the middle of the ocean. http://twitter.com/... Steve Kovach / @stevekovach : Google has almost the same line as Apple when asked about parking money overseas to avoid taxes https://www.bloomberg.com/... pic.twitter.com/MgManjhWCF Edward Evans / @evans_edward : Google's Dutch sandwich and a Double Irish https://www.bloomberg.com/... via @technology