date:Nov 13, 2012
s last year - less than half the average corporate income tax rate in its major markets.
Matt Brittin, Google Vice President for Sales and Operations, Northern and Central Europe, acknowledged the company did cut its tax bill by channeling profits from European sales through Bermuda but said this was perfectly legal.
Google's filings show it had $4 billion of sales in the UK last year, but despite having a group-wide profit margin of 33 percent, its main UK unit reported a loss in 2011 and 201