Google to end 'Double Irish, Dutch' tax scheme: filing

Re:Google to end 'Double Irish, Dutch' tax scheme: filing by hailhash on Wednesday January 01, 2020 @01:16AM (#21926909)

>>The point is that normal people can't afford to dodge taxes like google (and others) so they are not happy about it.

If your assumption is all of 98,771 Google employees are dodging their income taxes on the extra money Google "saves" from Double Irish Dutch Sandwich, you could not be farther from the truth.

Someday the money "saved" from this "dirty evil" scheme has come-out in the form of * Stock buy back * Dividend * Employee Salaries/Bonus * R&D Investment * Merger and Acquisition * New Hires

All of the above are taxed anyway.

We are talking about extra "Corporate" tax whatever that means. Google "Milton Friedman and Corporate Taxes" he has a much better explanation than me.

[ Parent | on HN ]

Re:Google to end 'Double Irish, Dutch' tax scheme: filing by humanbeinc on Wednesday January 01, 2020 @04:10AM (#21927327)

I disagree. The surplus stays in the war chest (not last for times like these when new tax evasion structures have to be set up and lobbied for). The taxes lost on Googles EBIT in the EU per year equals to 2-3 Million working citizens not paying a single Euro in income taxes.

[ Parent | on HN ]

Re:Google to end 'Double Irish, Dutch' tax scheme: filing by hailhash on Wednesday January 01, 2020 @04:12PM (#21930679)

With all its great tax policies EU posted 1.8% GDP growth rate in 2018.

It's definitely working gangbusters, so lets double down on everything. There is a lot of room below zero.

[ Parent | on HN ]