Google shifted $22.7 billion to tax haven Bermuda in 2017
Google moved $22.7 billion through a Dutch shell company to Bermuda in 2017, according to filings at Dutch Chamber of Commerce. The Dutch subsidiary is used to shift revenue from royalties earned outside America to Google Ireland Holdings, an affiliate based in Bermuda, where companies pay no income tax. The tax strategy is known as the "Double Irish, Dutch Sandwich".