from the searching-for-the-dollars dept.
theodp writes "Bloomberg reports that the IRS is auditing how Google shifted profits offshore to avoid taxes. According to Bloomberg, Google cuts its tax bill by about $1 billion a year using a technique that allocates profits to a unit managed out of a law firm in Bermuda, where there is no corporate income tax. In 2009, the most recent year for which records are available, this subsidiary collected 4.34 billion euros (about $6.1 billion) in royalties from a Google unit in the Netherlands. A spokesman for Google, whose stated mission is 'to organize the world's information and make it universally accessible and useful,' called the IRS probe 'a routine inquiry' and declined to comment further."
from the at-least-we-know-the-govts-won't-abuse-it dept.
itwbennett writes "Having previously denied demands from Germany that the company turn over hard drives with data it secretly collected from open wireless networks over the past three years, Google has reversed course. A Google representative said that it will hand over the data to German, French, and Spanish authorities within a matter of days, according to the Financial Times, which first reported this latest development on Wednesday. 'We screwed up. Let's be very clear about that,' Google CEO Eric Schmidt told the newspaper."
from the throw-money-at-it dept.
Hugh Pickens writes "PC World reports that Google has acquired a popular iPhone application called reMail that provides 'lightning fast' full-text search of your Gmail and IMAP e-mail accounts. The app downloads copies of all your e-mail which can then be searched with various Boolean options. reMail has only been in the application store for about six months — with a free version limited to one Gmail account and a premium version which can connect to multiple accounts. 'Google and reMail have decided to discontinue reMail's iPhone application, and we have removed it from the App Store,' writes company founder Gabor Cselle, who will be returning to Google as a Product Manager on the Gmail team. Google isn't saying what the fate of reMail might be. Some are suggesting reMail could be integrated into Gmail search or live on in some form as a part of Android, Google's mobile platform. Another possibility is that Google may have snapped up reMail just to kill it, not because reMail was a competitor to anything Google had, but because reMail made the iPhone better or the acquisition may have more to do with keeping good search technology away from the competition, as opposed to an attempt to undercut the iPhone. 'Perhaps Google is just planning to buy up all the iPhone developers, one at a time, until Android is the only game in town,' writes Bill Ray at the Register."