How Google Avoided Paying $60 Billion In Taxes 1193
bonch writes "Google only pays a 2.4% tax rate using money-funneling techniques known as the 'Double Irish' and the 'Dutch Sandwich,' even though the US corporate income tax is 35%. By using Irish loopholes, money is transferred legally between subsidiaries and ends up in island sanctuaries that have no income tax, giving Google the lowest tax rate amongst its technology peers. Facebook is planning to use the same strategy."
OMG (Score:4, Funny)
Re:Technically Legal (Score:3, Funny)
Re:Technically Legal (Score:3, Funny)
That deserves a -1 funny somehow.
Re:Corporations shouldn't pay any taxes. (Score:5, Funny)
HHOS (Score:3, Funny)
Do I still feel like they're shafting me? Yes.
You know if they gave it to the Feds they'd just use it to do evil. They're following their mandate.
Re:Headline Is So Very Wrong (Score:3, Funny)
LOL Dutch Sandwich (Score:2, Funny)
Re:OMG (Score:2, Funny)
Re:Headline Is So Very Wrong (Score:4, Funny)
Re:Headline Is So Very Wrong (Score:5, Funny)
I will cut it off myself.
Anyone Hiring?
- Dan.
Double Irish and the Dutch Sandwich (Score:1, Funny)
I asked my girlfriend if she was into Double Irish or the Dutch Sandwich, but she just slapped me.
Re:Headline Is So Very Wrong (Score:4, Funny)
Re:Headline Is So Very Wrong (Score:5, Funny)
Sorry, we don't have any eunuchs admin requisitions.