Don’t Be Evil: Google Sees Good In Jurisdictional Arbitrage
October 21, 2010
From Bloomberg:
Google Inc. cut 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 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.
Given Google’s tendency to acquiesce in rituals of liberal appeasement, I expect they’ll offer some bagatelle of social justice as atonement for violating intuitions about fairness.
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Mike Gibson
Jonathan Wilde
patrissimo
Guest Blogger
Will Chamberlain
Michael Strong
Brad Taylor
Z. Caceres
chdeist
Great. Now I associate ivory-tinged table croquet with democratic fundraisers!
Always happy to help.