Alphabet , the parent company of Google, will no longer use the intellectual property licensing scheme commonly known as the “Double Irish, Dutch sandwich”, according to 2018 tax filings with the Irish and Dutch governments seen by Reuters. In 2017, Google’s Dutch filings showed that it had moved $23 billion through a shell company to Bermuda, a strategy that allowed it to delay paying U.S. taxes. “A date of termination of the Company’s licencing activities has not yet been confirmed by senior leadership, however management expects that this termination will take place as of 31 December 2019 or …read more
Source:: Yahoo Finance
