Google faces IRS scrutiny for avoiding taxes

Remember the “Double Irish” and the “Dutch Sandwich?” Those are the nicknames for the schemes that Google uses to dodge about $1 billion a year in U.S. taxes by running profits through offshore subsidiaries and stashing the cash in tax havens like Bermuda. Bloomberg Reporter Jesse Drucker originally revealed a year ago how the dubious […]

As Americans Ponder Their Fair Share of Income Tax, Consumer Watchdog Urges No Tax Holiday for Global Giants Like Google That Use Dodgy Tax Avoidance Schemes

WASHINGTON, DC – As average Americans focus today on their income tax bill, Consumer Watchdog called on President Obama and the chairmen of the House and Senate tax committees to block calls for a tax holiday that would unfairly benefit corporate giants like Google.