Google saved $3.1bn in taxes in past 3 years using ‘Double Irish ‘ scheme; Google has paid no tax in UK since 2007 - - one of its biggest overseas markets
Oct 22nd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bloomberg reported on Thursday that Google cut its taxes by $3.1bn in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda. It has paid no taxes in the UK since 2007 even though it is one of its biggest overseas markets.