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

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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....

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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.
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