Google Ireland shields €16bn

Google moved €15.9bn to a Bermuda shell company in 2016, saving at least $3.7bn (€3bn) in US taxes that year, regulatory filings in the Netherlands show.

Google moved €15.9bn to a Bermuda shell company in 2016, saving at least $3.7bn (€3bn) in US taxes that year, regulatory filings in the Netherlands show, writes Jeremy Kahn. 

Google uses two structures, ‘the double Irish’ and ‘a Dutch sandwich’, to shield the majority of its international profits from taxation. The setup involves shifting revenue from one Irish subsidiary to a Dutch company with no employees, and then on to a Bermuda mailbox owned by another Ireland-registered company.