Google under fire over €11bn Dutch royalty tax break
From http://www.dutchnews.nl/news/archive...lty-tax-break/
Quote:
The tax avoidance tactics used by multinationals are again in the spotlight following claims by Dutch business magazine Quote that Google pushed €11bn in royalty payments through the Netherlands.
Royalties are not subject to tax in the Dutch corporate taxation system.
Quote bases its claim on analysis of Google’s 2014 accounts which show a letter box firm in Amsterdam with no employees had income of €10.7bn and paid just €2.7m in tax. That, Quote said, is one thousand times below what it should have been without the tax break.
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22nd February 2016
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