Subscribe to our newsletter

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”.

Google says it will no longer use 'Double Irish, Dutch sandwich' tax loophole
smsfadviser logo
Double Irish, Dutch sandwich' tax loophole
  • Shared by the Guardian
  • January 02, 2020
share this article

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.

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles