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Google USA: "We made no profits. We spent ALL our operating profits on software licensing fees to Google Ireland.

Google Ireland: "Aye, but all that wee gold was routed straight to Bermuda, where there be no taxes and such."

Those Google jeets are here to plunder, NOT to pay!

Isn't this obvious?

Every one needs to do stuff like this.

I'm in my 8th year of living like a king while not making any profit.

nothing about this is secret. this is well and widely known for a long time. it's called tax inversion because you have giant company declaring all its profits in a tiny country where they usually have only a tiny single room office and a receptionist for service of legal documents.

they set up a series of corporations in various countries where certain entities own different assets, and the money flows through them based on tax laws of each of those countries, ultimately to a country that has negligible corporate taxes. result is the profit is paid out to shareholders from a holdco based out of some small island nation, bermuda, antigua, seychelles, vanuatu, and plenty of others are regularly used. really all it's doing is removing double taxation and turning it into single taxation because the shareholders still have to pay taxes on gains.

tax inversion is so old that countries started clamping down on it, which is why more and more started switching to buy-borrow-die. unlike tax inversion, there's no taxable gain in BBD, because they just take out another loan based on the margin of the shares. and when they die, the heirs get free step-up basis on the shares, massively reducing the estate tax liabilities.

moral of the story is exactly what chappelle said about trump. https://www.youtube.com/shorts/OjLSTv2hVtE. they'll only close these as normies catch on, while lobbying to open up other loopholes that only they know about.