Google Shifted $23 Billion to Tax Haven Bermuda in 2017

Google Shifted $23 Billion to Tax Haven Bermuda in 2017
An illuminated Google logo is seen inside an office building in Zurich, Switzerland Dec. 5, 2018. Arnd Wiegmann/Reuters
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Google moved 19.9 billion euros ($22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign tax bill, according to documents filed at the Dutch Chamber of Commerce.

The amount channeled through Google Netherlands Holdings BV was around 4 billion euros more than in 2016, the documents, filed on Dec. 21, showed.