Shortpedia Mobile App Download Shortpedia News App

Image Credit: Shortpedia

Google shifted $23bn to tax haven Bermuda in 2017

As per the documents filed at the Dutch chamber of commerce, Google has shifted $22.7 billion via a Dutch shell company to Bermuda in 2017 in order to reduce its foreign tax bill. The amount that was moved by Google Netherlands Holdings BV was nearly €4bn which is more than in 2016. Google in its statement has said that it has paid all the taxes as per the laws in every nation where they have operations.