Global tech major Google avoided paying a whopping $3.6 billion from its tax bill using a structure known as Double Irish and Dutch Sandwich.

It is unclear if this method will have any legal issues, but Google has been mired is some other controversies in recent times. A Google employee had sued the company for conducting ‘spying program’ and for being too confidential. Recently, in a technology summit with the US President -elect Donald Trump and many other leaders of top companies, the issue of corporate laws in the US was also reportedly raised. It remains to be seen what Trump can do to make these major companies remain and pay taxes in the same country.

IMAGE: Google’s ‘Dutch Sandwich’: There are some loopholes among the US corporations where companies as big as Google are able to move the earnings through subsidiaries in countries which have a low tax rate (Ireland & Netherlands) and then they can also move it to tax havens like Bermuda & the Cayman Islands.

For more on this story go to; http://www.financialexpress.com/industry/technology/tech-giant-google-avoided-billions-of-dollars-in-taxes-using-an-infamous-dutch-sandwich-loophole/482926/