I don't think that's what the Bloomberg article meant. They're talking about how Google funnels 88% of its non-US revenue (which totals $12.5B) through its Dublin subsidiary to reduce their tax burden.
"They're talking about how Google funnels 88% of its non-US revenue (which totals $12.5B) through its Dublin subsidiary to reduce their tax burden."
Please stop using the phrase "tax burden". It's loaded language and not-so-subtly encourages a biased interpretation. It would be like saying "tax opportunity"; i.e., "an opportunity to pay tax".
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I don't think that's what the Bloomberg article meant. They're talking about how Google funnels 88% of its non-US revenue (which totals $12.5B) through its Dublin subsidiary to reduce their tax burden.
Their total 2009 revenue was much higher, $23.6B (URL: http://investor.google.com/earnings/2009/Q4_google_earnings....) making non-US revenue a pretty big chunk at 53%.
"They're talking about how Google funnels 88% of its non-US revenue (which totals $12.5B) through its Dublin subsidiary to reduce their tax burden."
Please stop using the phrase "tax burden". It's loaded language and not-so-subtly encourages a biased interpretation. It would be like saying "tax opportunity"; i.e., "an opportunity to pay tax".