Business Today

GOOGLE’S STASH

-

Search giant Google moved $ 19.2 billion to a Bermuda shell company in 2016, thus saving billions of dollars in taxes, according to regulatory filing sin the Netherland­s, a Bloomberg report reveals. 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.

Newspapers in English

Newspapers from India