Google Prepares War Chest To Ramp Up Foreign Acquisitions

Discussion in 'Stock Market Forum' started by PaulSchinider, May 21, 2014.

  1. PaulSchinider

    PaulSchinider Well-Known Member

    Mar 2014
    Likes Received:
    Google Inc. has piled up an enviable amount of cash as it gears up for a spending spree aimed at acquiring innovative companies outside the US. Bidness Etc explores some of Google’s successful ventures abroad and looks at what could be in store for the future

    Google Inc. (GOOG) has long been criticized for using a complex structure of international subsidiaries to take advantage of the ‘Double Irish’ loophole to avoid paying its fair share of taxes.
    The search and advertising giant’s international headquarters are housed in Dublin, and it uses a tax strategy that allows almost all of its foreign profits to be transferred to shell companies in the Netherlands. The profits ultimately reach Google’s subsidiary in Bermuda after making use of generous tax laws.While tech behemoths like Apple Inc. (AAPL), Microsoft (MSFT), and Oracle Corporation (ORCL) have long used strategies to avoid high tax rates in the US, they argue it is the management’s duty to save as much in tax expenses and costs as possible within the law, for the benefit of shareholders.

    Last edited by a moderator: Jul 8, 2016

Share This Page