Google and Taxes

From BigTechWiki
Revision as of 20:33, 11 February 2022 by Btw admin (talk | contribs) (Created page with "* In 2017, Google Moved $22.7 Billion Through A Dutch Shell Company In Bermuda, Where Companies Pay No Income Tax, To Reduce Its Foreign Tax Bill. ** The Tax Strategy Was Phased Out Beginning In 2014 In Response To Pressure From The EU And The United States, Two Regions That Were Cheated By This Tax Advantage, Ending Google’s Tax Advantages In 2020. * 2010 To 2019: Google Paid $27.9 Billion In Income Taxes On $176.6 Billion In Profits After Taking In $647.7 Billion I...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search
  • In 2017, Google Moved $22.7 Billion Through A Dutch Shell Company In Bermuda, Where Companies Pay No Income Tax, To Reduce Its Foreign Tax Bill.
    • The Tax Strategy Was Phased Out Beginning In 2014 In Response To Pressure From The EU And The United States, Two Regions That Were Cheated By This Tax Advantage, Ending Google’s Tax Advantages In 2020.
  • 2010 To 2019: Google Paid $27.9 Billion In Income Taxes On $176.6 Billion In Profits After Taking In $647.7 Billion In Revenue.
  • Google’s Cash Tax Paid Amounted To 15.8 Percent Of Its Profits, Despite A Federal Headline Tax Rate Of 35 Percent In The United States.