Multinational corporation or mafia? Hard to tell difference, says author

‘The controversy around Google’s tax deal with British tax officials grabbed headlines this past week, prompting further questions about how overseas criminals launder billions of pounds through the UK.

Multinational corporations such as Google and Facebook minimize their European income tax bills through “favorable” tax schemes in countries like Ireland (aka the Double Irish), the Netherlands (aka the Dutch Sandwich), and Luxembourg, which they argue are legitimate.

Google’s so-called “sweetheart deal” saw the internet giant pay £130 million, just 2%, to the UK taxman on its reported profits of £6 billion in Britain over the past ten years, which the European Commission says could be a breach of EU competition rules.’

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