Google and Starbucks Status in the No Tax Club

NPR reports:

  • Google didn’t pay taxes on $2 billion in worldwide income in 2011 by shifting $9.8 billion in revenue into a Bermuda shell company.
  • Despite Starbucks generation of 398 million euros in sales in Britain in 2011 it paid no corporate tax for the third consecutive year.

Both corporations achieve this outcome in a technical legal manner.

Tax reform?

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