Google says it will no longer use 'Double Irish, Dutch sandwich' tax loophole

Technique allowed the tech giant to delay paying US taxes on international earnings for years, and pay a lower tax rate overseas

International tax authorities were welcoming in the new year after Google's parent company, Alphabet, announced it will no longer use a notorious tax loophole known as the "Double Irish, Dutch sandwich".

The technique allowed the tech giant to delay paying US taxes on international earnings for years, and pay a lower tax rate overseas. It is thought to have allowed American companies to cut their tax bills by hundreds of billions of dollars, but is finally being closed by authorities.