Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion

That´s what I call tax-avoidance: About USD 2 billion saved in worldwide income taxes 2011 from oversea-profits (mostly Europe) by routing USD 10 billion to Bermuda. Tax evasion and avoidance now cost the EU 1 TRILLION euros a year…

Full story: Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion – Bloomberg.