December 23, 2016

Google Lowered 2015 Taxes by $3.6 Billion Using ‘Dutch Sandwich’

Alphabet Inc.’s Google saved $3.6 billion in worldwide taxes in 2015 by moving 14.9 billion euros ($15.5 billion) to a Bermuda shell company, new regulatory filings in the Netherlands reveal.

The amount the company shifted through its Dutch subsidiary, Google Netherlands Holdings BV, and then on to a Bermuda mailbox was 40 percent greater than in 2014,.. Read more.

Bloomberg

Related,
Google avoided billions in taxes by funneling money offshore - RT

Google sluisde vorig jaar €15 mrd royalty's door Nederland (paywall) - FD
Apple en Google deden het dit jaar maar matig (paywall) - FD

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