Google shifted $75.4 billion profit out of Ireland.
 

"Double-Irish" tax arrangement

Just in case you wonder about the sort of money that Google was funnelling through Ireland and Bermuda in 2019, the figure is $75.4 billion.

At the time Google was using the controversial "double-Irish" tax arrangement and 2019 was apparently the last time it did it.

The technology giant used the tax arrangement to move the money out of Google Ireland Holdings Unlimited Company via interim dividends and other payments. This company was incorporated in Ireland but tax domiciled in Bermuda at the time of the transfer.

The move allowed Google Ireland Holdings to escape corporation tax both in the Republic and in the United States where its ultimate parent, Alphabet, is headquartered. The holding company reported a $13 billion pretax profit for 2019, which was effectively tax-free, the accounts show.

https://fudzilla.com/news/52719-goog...out-of-ireland