Google funneled away more than €10 billion through the Netherlands

EPA/BORIS ROESSLER

In 2012, it was reported that the US giant, legally funneled profits through the Netherlands to Bermuda. Then it was reported that the company reduced its Irish tax liabilities by sending cash to Bermuda via the Dutch holding company.

According to Dutch Magazine, Quote, Google’s Dutch Holding paid €2.8 million in corporate tax as most of the money were transferred to Bermuda


Google transferred more than €10 billion in Bermuda through the Netherlands, according to a report by the Dutch NU website which cited an investigation by the Quote magazine.

According to the report Google, which just recently reached an agreement with the British government over a tax avoidance scandal, has “funneled away” roughly €10.7 billion through the Netherlands in 2014. NU reported that the Dutch holding ended paying €2.8 million in corporate tax.

According to the report, the €10.7...


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