Google to stop using Bermuda tax scheme

Pedro Gonçalves
Google to stop using Bermuda tax scheme

Google's parent company, Alphabet, has announced it will no longer use a licensing scheme that in 2018 moved $24.5bn through a Dutch holding company to a Bermuda subsidiary. Filings seen by Reuters showed that in 2018 Google moved €21.8bn ($24.5bn) through its Dutch holding company to Bermuda, up from €19.9bn in 2017. "A date of termination of the company's licensing activities has not yet been confirmed by senior leadership, however management expects that this termination will take place...

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