Google's $3.1 billion tax haven loophole

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opednews.com Headlined to H4 10/21/10

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Google cut its taxes by $US3.1 billion ($3.16 billion) in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda. The US corporate income-tax rate is 35 per cent. In the UK, Google's second-biggest market by revenue, it's 28 per cent.

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At www.smh.com.au

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