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#Bermuda Postbox #666 Funnels £30BN of Google’s Profits @MailOnline

Google’s vice president for communications Peter Barron admitted the firm has used bases in Ireland and Bermuda to avoid paying high rates of corporation tax on its profits.

Google’s parent company Alphabet is expected to announce today that it has amassed £30 billion of profits from non-US sales in Bermuda. Around a tenth of this – £3 billion – will be profits generated in the UK …. It also emerged yesterday that the Government had ordered Tory MEPs to vote against a proposed EU crackdown on Bermuda, which has a 0 per cent corporation tax rate. Google has no office and no staff in Bermuda. Its presence is said to amount to little more than a plain PO Box – numbered 666!

Read full story http://www.dailymail.co.uk | watch video

Daily Mail Online  dailymail.co.uk | twitter | facebook

 

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