Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes

By Jesse Drucker
Bloomberg
Oct. 21, 2010

In no way is this "lost revenue", this money is theirs, not the parasite government's. No one should have to pay taxes, to the extent they deprive the government of funds, they're heroic.

Unfortunately, this is seemingly a result of their buddying up to the Regime. The article says in 2006 they got approval to do this by the IRS.

Do you think some mere commoner could do the same?

Now they're busy lobbying for global warming laws in CA to loot taxpayers even further.

The problem isn't their dodging of taxes, the problem is that everyone else is not allowed to do the same. - Chris, InfoLibGoogle Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.

Google’s income shifting -- involving strategies known to lawyers as the “Double Irish” and the “Dutch Sandwich” -- helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries.

“It’s remarkable that Google’s effective rate is that low,” said Martin A. Sullivan, a tax economist who formerly worked for the U.S. Treasury Department. “We know this company operates throughout the world mostly in high-tax countries where the average corporate rate is well over 20 percent.”