How does Google pay 2.4%?

Re:How does Google pay 2.4%? by shareme on Tuesday July 19, 2011 @06:52PM (#2783482)

its not like it was years ago when CitiCorp set up theri stock trading units in the Islands for a similar purpose..

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Re:How does Google pay 2.4%? by btilly on Tuesday July 19, 2011 @07:21PM (#2783555)

Citi went farther. They did things like declare a particular desk in a skyscraper in NY to be legally in the Cayman Islands.

The IRS was not amused.

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Re:How does Google pay 2.4%? by ttdi on Tuesday July 19, 2011 @09:48PM (#2783956)

Do you have a source on this? I'd love to read more about this.

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Re:How does Google pay 2.4%? by btilly on Wednesday July 20, 2011 @12:55AM (#2784362)

I wish I did. I heard about it because I used to work with someone who had worked there some years previous.

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Re:How does Google pay 2.4%? by camz on Wednesday July 20, 2011 @01:23AM (#2784429)

I'm vaguely aware of Citi's tax plan, but I'd have to look into it. If I can learn the details, I'll start a series of case studies that break down the tax strategies of different fortune 500 companies.

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Re:How does Google pay 2.4%? by btilly on Wednesday July 20, 2011 @01:43AM (#2784468)

The incident I was discussing was back in the 90s. It was resolved a long time ago.

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