Today's Coming Crisis Movie

Wednesday, January 2, 2013

Google and the £6billion Bermuda tax shelter: Web giant's haven revealed as Cameron urges global crackdown

Google funnelled an astonishing £6billion through the tax haven of Bermuda in a year – while paying just 0.1 per cent of that amount in British corporation tax.

Official documents reveal that by exploiting the tiny tax haven the internet giant halved its global tax bill in 2011 – leaving governments, including the UK, out of pocket by more than £1billion.