Tax Optimisation: Google has Diverted 16 Billion to Bermuda in 2016

By Tax Optimisation, google has diverted 16 billion to Bermuda in 2016

TAX EVASION: The tax optimisation technique of “Dutch sandwich” would have allowed alphabet, the parent company of Google, to save 2.4 to 3.7 billion in taxes in 2016 …

In 2016, Alphabet would have made the economy billions of dollars in taxes using a front company and tax optimisation method called “Dutch sandwich” (Dutch sandwich). The parent company Google would thus funneled 15.9 billion in its Irish subsidiary to a Dutch company with no employees.

Nicknamed “Double Irish” This operation was followed by a transfer of money from a Dutch shell company towards “Bermuda to a mailbox owned by another company registered in Ireland,” says Bloomberg .

Google responds to accusations

The amounts misappropriated by Google of the scope of the tax administrations would have increased by 7% between 2015 and 2016, also indicates Le Monde . Following these revelations, the firm wished to respond to charges of tax optimization. “We pay all taxes due and we comply with the tax laws of every country in which we operate,” said the California company in a statement.

In 2016, the figures provided by the company to US authorities show that the overall tax rate was 19.3% Alphabet. The parent Google would have realised savings in the amount between 2.4 and 3.7 billion through these transfer operations.

France, Europe, United States, Economy, bermuda,Tax optimisation, taxes, google, Ireland, tax fraud, Alphabet

Leave a Reply

Notify of