US investigates Google tax strategies
Posted in: Government & Policy at 15/10/2011 15:12
US tax authorities are investigating the strategies used by Google to cut its tax bill by about $1bn (£635m) a year by funnelling profits from the US and Europe to subsidiaries with low tax rates.
The Internal Revenue Service has requested information from Google about its offshore deals following three acquisitions including its purchase of YouTube in 2006, according to Bloomberg.
http://www.guardian.co.uk/technology/2011/oct/14/us-investigates-google-tax-strategies
