Google says it will no longer use 'Double Irish, Dutch sandwich' tax loophole
International tax authorities were welcoming in the New Year after Google’s parent company, Alphabet, announced it will no longer use a notorious tax loophole known as the “Double Irish, Dutch sandwich”.
The technique allowed the tech giant to delay paying US taxes on international earnings for years, and pay a lower tax rate overseas. It is thought to have allowed American companies to cut their tax bills by hundreds of billions of dollars, but is finally being closed by authorities.
Read more at the Guardian.