Double Irish Dutch Sandwich
 

Slick explanation of how Google pays only 2.4% tax
http://www.bloomberg.com/news/2010-1...loopholes.html

Was just reading that. Must be nice to pay 2.4% while suckers like me pay 30%

interesting...

A google employee all-female foursome. I like where this is going....

google funds in motion

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.

Nothing wrong with this. Most large US based companies do this or something similar.

I believe Royal Shell has a deal with the Dutch government they only pay 6% tax. If the Dutch government doesn't comply Shell takes their tax dollars elsewhere.