Please create an account to participate in the Slashdot moderation system


Forgot your password?
Slashdot Deals: Cyber Monday Sale! Courses ranging from coding to project management - all eLearning deals 25% off with coupon code "CYBERMONDAY25". ×

Submission + - IRS Googling Google

theodp writes: Bloomberg reports that the IRS is auditing how Google shifted profits offshore to avoid taxes. According to Bloomberg, Google cuts its tax bill by about $1 billion a year using a technique that allocates profits to a unit managed out of a law firm in Bermuda, where there is no corporate income tax. In 2009, the most recent year for which records are available, this subsidiary collected 4.34 billion euros (about $6.1 billion) in royalties from a Google unit in the Netherlands. A spokesman for Google, whose stated mission is 'to organize the world‘s information and make it universally accessible and useful,' called the IRS proble 'a routine inquiry' and declined to comment further.
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

IRS Googling Google

Comments Filter:

Ocean: A body of water occupying about two-thirds of a world made for man -- who has no gills. -- Ambrose Bierce