Google shifts $12 billion of royalties to Bermuda

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Google funneled €8.8 billion of royalty payments to Bermuda last year, a strategy that is saving the US internet group billions of dollars in tax.

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Oct. 11, 2013, 9:48 AM EDT / Source: CNBC Technology

Google funneled €8.8 billion of royalty payments to Bermuda last year, a strategy that is saving the US internet group billions of dollars in tax.

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