Difference between revisions of "GoogleTaxesAndLaw"

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== Google evading taxes ==
 
== Google evading taxes ==
  
"the chair of the United Kingdom Public Accounts Committee, accused Google of being "calculated and [...] unethical" over its use of the scheme.[https://www.theguardian.com/technology/2013/may/16/google-told-by-mp-you-do-do-evil] Google Chairman Eric Schmidt has claimed that this scheme of Google is "capitalism",[http://www.telegraph.co.uk/technology/google/9739039/Googles-tax-avoidance-is-called-capitalism-says-chairman-Eric-Schmidt.html] and that he was "very proud" of it.[https://www.independent.co.uk/news/uk/home-news/google-boss-im-very-proud-of-our-tax-avoidance-scheme-8411974.html]" (from https://en.wikipedia.org/wiki/Criticism_of_Google#Aggressive_tax_avoidance )
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"the chair of the United Kingdom Public Accounts Committee, accused Google of being "calculated and [...] unethical" over its use of the scheme.[https://www.theguardian.com/technology/2013/may/16/google-told-by-mp-you-do-do-evil] Google Chairman Eric Schmidt has claimed that this scheme of Google is "capitalism",[http://www.telegraph.co.uk/technology/google/9739039/Googles-tax-avoidance-is-called-capitalism-says-chairman-Eric-Schmidt.html] and that he was "very proud" of it.[https://www.independent.co.uk/news/uk/home-news/google-boss-im-very-proud-of-our-tax-avoidance-scheme-8411974.html]"  
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[https://en.wikipedia.org/wiki/Criticism_of_Google#Aggressive_tax_avoidance Criticisms of Google - Wikipedia]
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[http://www.newsweek.com/2014/12/26/how-google-and-apple-make-their-taxes-disappear-291571.html How Google and Apple Make Their Taxes Disappear - Newsweek]
 
[http://www.newsweek.com/2014/12/26/how-google-and-apple-make-their-taxes-disappear-291571.html How Google and Apple Make Their Taxes Disappear - Newsweek]
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"On Friday, Reuters reported that in 2014 the tech giant—which now falls under parent company Alphabet—transferred 11.7 billion Euros (approximately $13 billion) to Bermuda in an effort to minimize the taxes it had to pay on its income through a little tax maneuver that has been dubbed a "Double Irish with a Dutch Sandwich."
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In the simplest of terms, Google , like many multinational corporations, used differences in the Irish and American tax codes to its advantage. A portion of Google’s profits are paid to an Irish affiliate as royalties on its patents (which are taxed at a lower rate). To further avoid taxes, this money is then routed to the company’s Dutch subsidiary, Google Netherlands Holdings BV. From there, the company tranfers its revenue to another affiliate, Google Ireland Holdings, which is based in the notorious tax haven of Bermuda—but registered in Ireland, Reuters reports. So there you have it—double Irish with a Dutch sandwich."
  
 
[https://www.forbes.com/sites/abigailtracy/2016/02/19/google-moved-billions-of-dollars-to-bermuda-to-avoid-taxes-again Google Moved Billions Of Dollars To Bermuda To Avoid Taxes... Again - Forbes]
 
[https://www.forbes.com/sites/abigailtracy/2016/02/19/google-moved-billions-of-dollars-to-bermuda-to-avoid-taxes-again Google Moved Billions Of Dollars To Bermuda To Avoid Taxes... Again - Forbes]

Revision as of 19:16, 21 November 2017

Google breaking the law

Google fined for anti-competitive practices


Google evading taxes

"the chair of the United Kingdom Public Accounts Committee, accused Google of being "calculated and [...] unethical" over its use of the scheme.[1] Google Chairman Eric Schmidt has claimed that this scheme of Google is "capitalism",[2] and that he was "very proud" of it.[3]"

Criticisms of Google - Wikipedia


How Google and Apple Make Their Taxes Disappear - Newsweek


"On Friday, Reuters reported that in 2014 the tech giant—which now falls under parent company Alphabet—transferred 11.7 billion Euros (approximately $13 billion) to Bermuda in an effort to minimize the taxes it had to pay on its income through a little tax maneuver that has been dubbed a "Double Irish with a Dutch Sandwich."

In the simplest of terms, Google , like many multinational corporations, used differences in the Irish and American tax codes to its advantage. A portion of Google’s profits are paid to an Irish affiliate as royalties on its patents (which are taxed at a lower rate). To further avoid taxes, this money is then routed to the company’s Dutch subsidiary, Google Netherlands Holdings BV. From there, the company tranfers its revenue to another affiliate, Google Ireland Holdings, which is based in the notorious tax haven of Bermuda—but registered in Ireland, Reuters reports. So there you have it—double Irish with a Dutch sandwich."

Google Moved Billions Of Dollars To Bermuda To Avoid Taxes... Again - Forbes