Google's $3.1 billion tax haven loopholeQuicklink submitted by Sheila Samples Permalink
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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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