‘Dutch sandwich’ grows as Google shifts €8.8bn to Bermuda – FT.com

Parishes of Bermuda

Parishes of Bermuda (Photo credit: Wikipedia)

This MUST READ article is currently top of the FT’s most-read list. Check it out!

‘Dutch sandwich’ grows as Google shifts €8.8bn to Bermuda – FT.com.

The article highlights how Google has moved billions of Dollars of royalties to reduce payment of taxes.

With many people still feeling the pain of excessive austerity, and  much more pain likely from the global fallout from the US debt crisis, why is it that big corporations can effectively avoid tax? Are the Republicans protecting the likes of Google and other big companies?

Any thoughts?

Enhanced by Zemanta