Re:The Tax Haven That's Saving Google Billions
by nitrogen on Sunday October 24, 2010 @10:21PM
(#1828171)
The fact that Google isn't doing anything with the money doesn't mean the money isn't being put to use. If the money is in standard banks, it is being used to fund mortgages and credit cards. If it's invested in the market, it is being used by other companies to expand their businesses. If it's invested in municipal bonds, it is allowing cities to develop infrastructure. If it's in various countries' treasury bonds, it is funding those governments directly (since many countries are funding themselves on debt instead of or in addition to raising taxes).
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