Financial Post: Google’s ‘Dutch Sandwich’ manoeuvre shielded $19.2 billion from taxes in 2016

Financial Post: Google’s ‘Dutch Sandwich’ manoeuvre shielded $19.2 billion from taxes in 2016. “Alphabet Inc.’s Google moved 15.9 billion euros (US$19.2 billion) to a Bermuda shell company in 2016, saving at least US$3.7 billion in taxes that year, regulatory filings in the Netherlands show. Google uses two structures, known as a ‘Double Irish’ and a ‘Dutch Sandwich,’ to shield the majority of its international profits from taxation. The setup involves shifting revenue from one Irish subsidiary to a Dutch company with no employees, and then on to a Bermuda mailbox owned by another Ireland-registered company.”

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