Google has evaded taxes in $ 12 billion

Фото: Depositphotos

For 2014 alone, Google removed € 10,7 billion ($ 11,9 billion) from tax by using Dutch and Irish companies as a layer, Reuters reported, citing Google Netherlands Holdings BV.

According to the documents, Google Netherlands’s 2014 revenue, generated mainly from royalties from the Irish Google division, where most of the revenue generated by Google from work outside the United States is accumulated, was almost completely redirected to Ireland. but based in Bermuda, Google Ireland Holdings.

As a result, Google managed to evade paying both the American corporate income tax (not available in Bermuda) and the European tax on the repatriation of income. And Google Netherlands, in which not a single employee is listed, paid only € 2,8 million to the Dutch treasury.

Using tax schemes, Google’s income from work outside the United States is taxed at the effective rate of 6%, which is about four times lower than its average.

A Google spokesman told Reuters that the company operates in full compliance with the tax laws of the countries in which it conducts operations.

Previously, authorities in several European countries made claims to Google, demanding that they share with the treasury income. In particular, the UK tax authorities in January 2016 managed to get Google to agree to pay £ 130 million in compensation for the “aggressive” tax evasion over the past ten years. For comparison, in 2013, Google received over $ 5,6 billion in revenue in Britain, but paid only £ 20,5 million in taxes.

Later it became known that the Italian authorities were trying to get compensation from € 150 – 200 million from Google, but the agreement could not be reached.

As ForumDaily wrote earlier, in early February, 2016, the company Alphabet (Google owner) announced that its net profit in the fourth quarter of 2015 of the year rose to $ 4,9 billion. After the publication of reports, the stock price of the corporation soared to 9%, and Alphabet capitalization reached $ 568 billion, which made it the most expensive company in the world.

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