Tax Accounting Evil at Google? 261
theodp writes "In its annual report, Google said it's done no tax-accounting evil, but the search giant acknowledged that both the IRS and SEC are taking a look at the way in which it accounts for income tax. Google is one of a number of U.S. companies that have come under fire for allegedly practicing 'profit laundering', i.e., moving book profits offshore to evade millions and even billions in taxes to the country where it really operates. In past SEC filings, Google has credited its Irish subsidiary for reducing its effective tax rate."
Google Farts (Score:0, Funny)
Re:Google no differnt than the rest (Score:1, Funny)
When being raped, it is best to save something. (Score:4, Funny)
If anything, we should be proud that Google doesn't put money into the vast wasteland of government spending.
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- Seconds per year ~ Pi * 10^7
navel and air war with Iran (Score:3, Funny)
Axis (Score:3, Funny)
Is it evil to screw the government? (Score:2, Funny)