Global IT companies taxes hide billions in profit

Multinational companies are known to many as one of the main engines of the world economy. Recently, however, more and more global companies are called to a fire in themselves because of their unbridled passion for tax optimization. So, today, Bloomberg published the results of its own investigation, according to which the Internet company Google in 2011, withdrew from the European tax of almost $ 10 billion, and the European economy has received less $ 2 billion in taxes due to the fact that part of the company's revenues corresponded to offshore representative who actually were open only to accumulate money. One of the largest offshore Google opened offices in Bermuda.

Lawyers say that the tax technique used Internet giant is called 'Double Irish' and 'Dutch Sandwich'. Through them, the company has reduced its overseas tax to 2.4%, the lowest of the five major U.S. IT companies, despite the fact that other companies also have foreign offices.

"It is significant that the effective tax rate is so low for Google - said in an interview to Bloomberg U.S. tax economist Martin Sullivan Financial Management. - We know that the company is working to bypass the foreign countries with a high rate of taxation. On most markets where company tax rate significantly above 20%. "