Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes - Bloomberg

Not surprising from a company that loves to crunch numbers. Heck these are they guys that convinced its investors that providing free lunch saved money by calculating the time lost while people waited in line to pay.

Google’s income shifting -- involving strategies known to lawyers as the “Double Irish” and the “Dutch Sandwich” -- 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.

Still an interesting read of how it's done by the big guys (not just Google).


Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes - Bloomberg