Google saved billions in tax by moving profits around jurisdictions in 2016

London

ALPHABET'S Google moved 15.9 billion euros (S$25.48 billion) to a Bermuda shell company in 2016, regulatory filings in the Netherlands show - saving the company billions of dollars in taxes that year.

Google uses two structures, known as a "Double Irish" and a "Dutch Sandwich", to shield the majority of its international profits from taxation. The set-up involves shifting revenue from one Irish subsidiary to a Dutch company with no employees, and then on to a Bermuda mailbox owned by another Ireland-registered company.