>>636
Don't want to derail you trail of bread crumps, just put some extra info, ingore me if u can:
"Google reported operating 25 subsidiaries
in tax havens in 2009, but since 2010
only discloses two, both in Ireland. During
that period, it increased the amount of cash
it reported offshore from $7.7 billion to
$38.9 billion. An academic analysis found
that as of 2012, the 23 no-longer-disclosed
tax haven subsidiaries were still operating. "
http://ctj.org/pdf/offshoreshell2014.pdf Page 7
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Amount Held Offshore (Millions $): 38,900
http://ctj.org/pdf/offshoreshell2014.pdf Page 15
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"Google reported operating 25 subsidiaries
in tax havens in 2009, but since 2010 only
discloses two, both in Ireland. During that
period, it increased the amount of cash it
had booked offshore from $7.7 billion to
$38.9 billion. An academic analysis found
that as of 2012, the 23 no-longer-disclosed
tax haven subsidiaries were still operating.33
Google uses accounting techniques nicknamed
the “double Irish” and the “Dutch
sandwich,” according to a Bloomberg investigation.
Using two Irish subsidiaries,
one of which is headquartered in Bermuda,
Google shifts profits through Ireland and
the Netherlands to Bermuda, shrinking its
tax bill by approximately $2 billion a year.34"
http://ctj.org/pdf/offshoreshell2014.pdf Page 21
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"With regard to CSR theory (corporate social responsibility), the paper shows how organisational legitimacy is the result of a complex interaction between strategic legitimacy efforts by OFC‐based (offshore finance centres) companies and isomorphic processes in the wider social system. In terms of CSR practice, the paper argues that claims to acting socially responsibly by firms that do not even fully meet their economic responsibilities to society may, in the longer term, undermine the very idea of CSR."
Study: http://www.emeraldinsight.com/doi/abs/10.1108/14720701011069605
Study made by: Lutz Preuss (Based at the School of Management, Royal Holloway, University of London, Egham, Surrey, UK)
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Double Irish Sandwhich in action (Method to hide tax'es)
"Google 2.4% Rate Shows How $60 Billion Is Lost to Tax Loopholes"
https://archive.is/z9Ylf // https://archive.is/r3SnR
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Further read: Tax Havens: International Tax Avoidance
and Evasion ( https://www.fas.org/sgp/crs/misc/R40623.pdf )