12/11/2012

Good Democrat Firm Google Uses Shell Company in Bermuda to dodge $2 billion in taxes

From USA Today:
By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Google dodged about $2 billion in income taxes worldwideBloomberg News reports, citing financial records. 
The off-shore tax shelter — legal in the United States and elsewhere — cut Google's tax rate nearly in half, Bloomberg says. Bermuda has no corporate income tax. Bloomberg says the amount saved was about 80% of the company's pre-tax profit. . . .

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