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Headlines like that piss me off: The article goes on to say: "International income-shifting, which helped cut Google’s overall effective tax rate to 22.2 percent last year, shows one way that loopholes undermine that top U.S. rate. "
So the income shifting strategy just limits their tax on most of their foreign income, which saves them about 3 billion a year in US taxes.
The 60 Billion number is an estimate of all companies tax using the strategy.
The article makes google out to be the scape goat.
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icq: 572412691
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