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© REUTERS / Clay MclachlanUnder the now-outlawed double Irish tax dodge, corporations transferred their intellectual property to holding companies registered in Ireland but run from tax havens like Bermuda, which siphoned off profits through royalty fees. Google s European division used the double Irish tax haven loophole to dodge tens of billions in tax there and in the US in 2019, newly-filed accounts reveal. The Big Tech giant took advantage of the sunset clause on the now-defunct corporate tax scheme to avoid tax on p rofits of $75.4 billion (€63 billion) in payments in both its home country and Ireland. US-based parent company Alphabet used interim dividends and other payments to move money out of shell company Google Ireland Holdings, which was incorporated in Ireland but domiciled in Bermuda for tax purposes at the time.

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