Google shifted US$23bil to tax haven Bermuda in 2017: filing


  • TECH
  • Friday, 04 Jan 2019

Google signage is seen at Google headquarters in the Manhattan borough of New York City, New York, U.S., December 17, 2018. REUTERS/Jeenah Moon

AMSTERDAM: Google moved €19.9bil (RM93.88bil or US$22.7bil) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign tax bill, according to documents filed at the Dutch Chamber of Commerce.

The amount channelled through Google Netherlands Holdings BV was around €4bil (RM18.87bil) more than in 2016, the documents, filed on Dec 21, showed.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Tech platforms make pitch for ad deals as TikTok is roiled by politics
Intesa targets new digital-only clients after antitrust blow
Paramount will not extend exclusive deal period with Skydance
Google, US clash over search advertising as trial winds down
Germany and allies accuse Russia of sweeping cyberattacks
Analysis-Apple has big AI ambitions - at a lower cost than its rivals
Hong Kong privacy watchdog to grill authorities over ‘serious’ leak of 17,000 people’s data
Google defends app store, fighting Epic Games' bid for major reforms
Ewaste is overflowing landfills. At one sprawling Vietnam market, workers recycle some of it
You’re surrounded by scammers

Others Also Read