Google parks billions in tax-free Bermuda

Posted: December 11, 2012 at 1:24 a.m.

A pedestrian passes Gordon House, the European headquarters of Google Inc. on Barrow Street in Dublin, Ireland, earlier this year. Google used its Irish subsidiary as part of a legal effort to avoid an estimated $2 billion in corporate taxes potentially due in various countries in 2011.

Google Inc. avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion of its revenue into a Bermuda shell company — almost double the amount from three years before, filings show.

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Business, Pages 23 on 12/11/2012