Posts Tagged ‘Bermuda’

American companies are living the United States because of high taxes

August 22, 2011 Comments off

The corporate tax rate in the United States is the second highest in the developed world.

American companies are finding new overseas tax havens to legally protect some of their profits from the U.S. tax rate of 35 percent, among the highest in the world. Lesley Stahl reports. Move your corporation or part of your corporation out of the United States while it still is possible. Do not wait as the current negative sentiment could result in restriction on US companies in the future.

See the video covering the story at:


Google use the Dutch Sandwhich to minimize taxes globally

October 21, 2010 Comments off

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.

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