Article 11YK5 Google expected to reveal growth of offshore cash funds to $43bn

Google expected to reveal growth of offshore cash funds to $43bn

by
Simon Bowers
from Technology | The Guardian on (#11YK5)
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Tech company's 2015 earnings will be announced next week as governments aim to crack down on Google's controversial tax avoidance arrangements

Google is poised to confirm next week that controversial tax structures in Ireland, the Netherlands and Bermuda have boosted its offshore cash mountain to more than $43bn (30bn), figures from financial analysts suggest.

Despite governments around the world promising to crack down on the tech company's tax avoidance arrangements, Wall Street analysts are confident Google will continue to salt away profits in Bermuda for years to come.

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