Google Ireland makes good of 'Double Irish' to route funds to tax haven

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Google Ireland makes good of 'Double Irish' to route funds to tax haven By TII News Service Oct 10, 2011 , London
GOOGLE Ireland is reported to have made good of 'Double Irish' and routed its revenue from Ireland to Bermuda, a tax haven. Double Irish is a legal scheme which allows profits of a MNC, which can be routed to a tax haven without being liable to corporation tax in Ireland. Google Ireland is reported to have paid only about USD 2.6 mn in corporate tax last fiscal, although it reported more than USD 13 bn turnover.

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