Google : Est $700mill profit = $4.4mill loss

[SandnSurf]

Creative accounting, and all legal.
Google Australia Clients Billed By Google Ireland

 

[Soupyone]

Creative accounting, and all legal.
Google Australia Clients Billed By Google Ireland

Pretty good stuff, thanks for sharing.

Kind of reminds me of how IKEA handles their taxes... Just not as epic:
How Ikea Manages to Pay Almost Zero Taxes On its Profits layboy_sml:

Trust me, I'm learning though. I had to call the IRS last week and the woman I spoke to was in amazement... Hopefully the doors won't come a knockin this week.

 

[kingfish]

Ikeas corporate tax structure gives me a wood

 

[volknet]

Creative accounting, and all legal.
Google Australia Clients Billed By Google Ireland

Nice. Just got Google stock at a super cheap price. ^_^

 

[Incantation]

How Ikea Manages to Pay Almost Zero Taxes On its Profits layboy_sml:

Can't believe they paid an effective tax rate of 3.4%! Good on them.

 

[itchy]

whats taxes?

 

[DumDum]

Income tax returns are the most imaginative fiction being written today. (I don't remember who wrote it)

 

[ricdes]

can you blame them? Irish corporate tax is at about 12.5%.

 

[jwm]

basic transfer pricing, every major corp with overseas operations does it