Posted Dec. 10, 2012 at 9:12 a.m.

Premium Lock Google avoids $2B in taxes by sheltering $10B in Bermuda

Published: 2012-12-10 09:12:00
Updated: 2012-12-10 09:12:00

Google Google

By legally funneling profits from overseas subsidiaries into Bermuda, which doesn't have a corporate income tax, Google cut its overall tax rate almost in half. The amount moved to Bermuda is equivalent to about 80 percent of Google's total pretax profit in 2011....

Read More
Read More

WRAL TechWire any time: Twitter, Facebook

Copyright 2014 Bloomberg. All rights reserved.
Editor's Blog

Editor's Blog

The latest blog posts from our WRAL TechWire and WRAL editors. Read more articles…

page 1
sort order: oldest first | newest first
Surely Google isn't the only company using this practice. I'm no big fan of theirs, but what about Apple and other corporations? We need those stories as well.
page 1
sort order: oldest first | newest first

Please Log In to add a comment.

Best of TechWire Insider

Techwire Inside Partners


Vivek Wadhwa
Dr. Mike Walden
Tech economy
Frank Vinluan
Life science