Google to Stop 'Double Irish, Dutch' Tax Scheme

Forum Moderators: goodroi

Message Too Old, No Replies

Google to Stop 'Double Irish, Dutch' Tax Scheme

engine

4:52 pm on Dec 31, 2019 (gmt 0)

Alphabet, Google's parent company, is to end the practice of the intellectual property licensing scheme commonly known as the “Double Irish, Dutch sandwich."

In 2017, Google’s Dutch filings showed that it had moved $23 billion through a shell company to Bermuda, a strategy that allowed it to delay paying U.S. taxes. In the 2018 filings seen by Reuters on Tuesday for both Ireland and the Netherlands, the company said it would end the practice.

[reuters.com...]

NickMNS

4:58 pm on Dec 31, 2019 (gmt 0)

“Double Irish, Dutch sandwich."

Are you sure that is a tax avoidance scheme? It sounds more like a fancy coffee, with Irish whiskey and dutch hot chocolate.

engine

5:08 pm on Dec 31, 2019 (gmt 0)

hehe, i'd never heard of it until now. lol

topr8

6:41 pm on Dec 31, 2019 (gmt 0)

i'd never heard of it until now

engine, you probably haven't spent much time chatting to your accountant about minimising your tax exposure due to your multi billion pound turnover, it's certainly not come up during discusions with mine!