Changes

Jump to: navigation, search

GoogleTaxesAndLaw

2,338 bytes added, 09:25, 7 January 2019
Google evading taxes
::"Do something about monopolies. The whole business model of Silicon Valley is monopoly." [https://www.youtube.com/watch?v=jsnTwv8qtNA Thomas Frank]
=== Collecting illegally personal info from kids and should be fined ===
 
[https://www.usatoday.com/story/tech/2018/04/09/youtube-hit-complaint-child-advocacy-groups-which-say-illegally-targets-kids/482024002/: google services are for audiences of 13 years and older, but when it comes for money the rules suddenly changes]
== Google evading taxes ==
 
=== Google shifted $23 billion to tax haven Bermuda in 2017: filing - Reuters - 2019 ===
 
<blockquote>"Google moved 19.9 billion euros ($22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign tax bill, according to documents filed at the Dutch Chamber of Commerce.
The amount channeled through Google Netherlands Holdings BV was around 4 billion euros more than in 2016, the documents, filed on Dec. 21, showed. The subsidiary in the Netherlands is used to shift revenue from royalties earned outside the United States to Google Ireland Holdings, an affiliate based in Bermuda, where companies pay no income tax.
 
The tax strategy, known as the “Double Irish, Dutch Sandwich”, is legal and allows Google to avoid triggering U.S. income taxes or European withholding taxes on the funds, which represent the bulk of its overseas profits. " </blockquote>
 
https://www.reuters.com/article/us-google-taxes-netherlands/google-shifted-23-billion-to-tax-haven-bermuda-in-2017-filing-idUSKCN1OX1G9
=== Aggressive_tax_avoidance Criticisms of Google - Wikipedia===
https://www.heise.de/newsticker/meldung/Steuerschlupfloch-Google-Mutter-Alphabet-vermeidet-weiter-Steuern-in-Milliardenhoehe-3931187.html
=== Google Forced To Pay 13m of 6.4bn profits BUT Manages To Reduce The Amount ===
 
While we can clearly see such a deal is inadequate:
 
<blockquote>
It is hard to believe that £13m tax payment on $6.4bn turnover is an adequate tax bill. It feels more like a PR deal designed to counter the reputational damage created by Google failing to pay a fair share of tax on the profits it makes from its economic activity in the UK.
</blockquote>
 
From https://www.theguardian.com/commentisfree/2016/jan/23/google-paying-back-tax-only-a-beginning
 
We can then shortly see that the amount was even not completely true or paid by Google!
 
<blockquote>The company’s accounts show that the government was only able to claw back less than £100m in corporation tax from Google for the 2005-2014 period, and not the £130m the chancellor claimed.</blockquote>
 
From https://www.theguardian.com/technology/2016/feb/04/google-uk-tax-deal-share-options-scheme.
== Google influencing policymakers and the law ==

Navigation menu