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.

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