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Google has managed to squirrel away €15.9 billion (US$19.2 billion) in a Bermuda shell company in 2016, helping the search behemoth to avoid paying at least US$3.7 billion in taxes, according to regulatory filings in the Netherlands.

Published in Technology Regulation
Thursday, 22 December 2016 10:06

Google avoided US$3.6b in taxes in 2015: report

Google avoided paying US$3.6 billion in taxes globally in 2015 by shifting US$15.5 billion (€14.9 billion) to a company in Bermuda that is just a shell, according to regulatory filings made in the Netherlands.

Published in Technology Regulation

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