Irish Forums Message Discussion :: Google saves millions in taxes thanks to its Irish operation

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Google saves millions in taxes thanks to its Irish operation

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Irish Business News Discussion:     Google saves millions in taxes thanks to its Irish operation

Google, the US internet search engine company, is using a network of Irish companies to save millions in taxes. Colm Keena, Public Affairs Correspondent, reports

Documents Google had lodged with the US regulatory authorities say it has "significantly lowered" its tax bill for the first three quarters of 2005 thanks to its Irish operation.

The filings indicate the multinational's effective tax rate has dropped from 39 per cent to 31 per cent, indicating it is saving approximately 100 million a year in taxes via its Irish business.

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