Google pays nothing in Ireland because the company is actually in Bermuda!!!
"So who does Google license its tech to? A fun little company called Google Ireland Holdings, headquartered in Bermuda. If that sounds shady, that’s because it is. It appears to not have any employees, and it does not exist beyond paperwork. Bermuda, of course, has zero corporate income tax. So as a Bermuda company, Google Ireland Holdings pays none.
Google Ireland Holdings, in turn, owns Google Ireland Limited, which employs 2,000 people in downtown Dublin. Google Ireland Limited reported a pretax income of less than one percent of sales in 2008 and paid $5.4 billion in royalties to Google Ireland Holdings. (French investigative news site OWNI.fr published Google Ireland Limited’s 2011 annual report and its Irish Registration Office documents earlier this year.)
This holding company based in Bermuda is owned by yet another Bermuda-based subsidiary, Google Bermuda Unlimited. It's managed by Conyers, Dill, and Pearman, a law firm specializing in such offshore transactions. That “unlimited” corporation means it is not required to disclose income statements, balance sheets, and other financial information."
Mayer and the boad of directors aren't stupid - they saw an opportunity to further their own careers in the long run. The Tumblr investors now owe them a favor. This is boardroom back scratching.
The Yahoo board are saving Tumblr investors and will expect the favor returned down the line. This is boardroom back scratching. Yahoo is being stripped of its cash for the benefit of VC-istan.
Google pays nothing in Ireland because the company is actually in Bermuda!!!
"So who does Google license its tech to? A fun little company called Google Ireland Holdings, headquartered in Bermuda. If that sounds shady, that’s because it is. It appears to not have any employees, and it does not exist beyond paperwork. Bermuda, of course, has zero corporate income tax. So as a Bermuda company, Google Ireland Holdings pays none.
Google Ireland Holdings, in turn, owns Google Ireland Limited, which employs 2,000 people in downtown Dublin. Google Ireland Limited reported a pretax income of less than one percent of sales in 2008 and paid $5.4 billion in royalties to Google Ireland Holdings. (French investigative news site OWNI.fr published Google Ireland Limited’s 2011 annual report and its Irish Registration Office documents earlier this year.)
This holding company based in Bermuda is owned by yet another Bermuda-based subsidiary, Google Bermuda Unlimited. It's managed by Conyers, Dill, and Pearman, a law firm specializing in such offshore transactions. That “unlimited” corporation means it is not required to disclose income statements, balance sheets, and other financial information."
http://arstechnica.com/business/2012/11/dutch-sandwich-with-...