Google evades taxes again

Tech leviathan Google is up to its tax tricks again.

According to a report on Bloomberg, Google shifted $19.2 billion to paradise island Bermuda in 2016, and managed to shave more than $3 million off the tax it would pay in the Netherlands, if it wasn't so fast on its feet.


This is how it works. It moves money from an Irish company to a Dutch shell company which then lobs into an account in Bermuda.

The transaction was only revealed today because Google filed papers in the Netherlands on the 22nd of December last.

Naturally, Google came out with the usual bland statement that it pays all taxes and obey all laws in the known universe.
Bloomberg quotes a company spinner as saying: "We remain committed to helping grow the online ecosystem."

Whatever that means.