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Google use the Dutch Sandwhich to minimize taxes globally

October 21, 2010

Google Inc. reduced its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.

Google’s strategies are known to lawyers as the “Double Irish” and the “Dutch Sandwich”, and helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries.

See the details in this interesting article from Bloomberg by clicking here.

taxmoneyhavens.com

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