Google expected to reveal growth of offshore cash funds to $43bn

Google is poised to confirm next week that controversial tax structures in Ireland, the Netherlands and Bermuda have boosted its offshore cash mountain to more than $43bn (£30bn), figures from financial analysts suggest.Despite governments around the world promising to crack down on the tech company’s tax avoidance arrangements, Wall Street analysts are confident Google will continue to salt away profits in Bermuda for years to come. see:Google whistleblower says £130m tax deal is ‘trivial’
A former Google executive who blew the whistle on the company’s tax avoidance scheme has described its £130million deal with HMRC as “trivial”.Barney Jones, who worked for the internet search giant between 2002 and 2006, lifted the lid on an elaborate structure which diverts British profits through Ireland to the Bermuda tax haven.

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