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Google Shifted $23 Billion To Tax Haven Bermuda in 2017, Filing Shows (reuters.com) 210

schwit1 shares a report: Google moved 19.9 billion euros ($22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign tax bill, according to documents filed at the Dutch Chamber of Commerce. The amount channeled through Google Netherlands Holdings BV was around 4 billion euros more than in 2016, the documents, filed on Dec. 21, showed. For more than a decade the arrangement has allowed Google owner Alphabet to enjoy an effective tax rate in the single digits on its non-U.S. profits, around a quarter the average tax rate in its overseas markets. The subsidiary in the Netherlands is used to shift revenue from royalties earned outside the United States to Google Ireland Holdings, an affiliate based in Bermuda, where companies pay no income tax.

Comment Re:Of course (Score 1) 315

It's not a logical flaw at all and the energy available has nothing to do with the speed of the vehicle. The delta between the wind and the ground is the same regardless of what the vehicle is doing, and that's the source of the energy. The actual speed of the vehicle is limited by power that can be extracted from that delta and applied to propelling the vehicle. When the power consumed in wind drag is equal to the power propelling the vehicle then you've hit your top speed.

Comment Re:In the US no one wants to buy light cars (Score 1) 1320

But uninsured motorist coverage on that scooter will cost you another $70 every 6 months so they are really putting the cost of the SUV hitting the scooter back on the scooter. To solve this they should require heavier vehicles to have more liability insurance. That way the coverage would be in line with the potential harm.

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