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Showing posts with label tax free. Show all posts
Showing posts with label tax free. Show all posts

Tuesday, December 11, 2012

Google saved $2B in taxes in 2011 by sending revenue to Bermuda

                        
Apple has caught a ton of flack for keeping profits overseas to avoid paying hefty taxes on their earnings but many may be surprised to learn that they aren’t the only big tech brand engaging in such activity. Just last year, Google avoided paying roughly $2 billion in income tax by moving close to $10 billion in revenue to a shell company in Bermuda.