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by adventured
4230 days ago
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It looks like it's very unlikely that Europe is the majority of Google's revenue, and I doubt all revenue globally outside the US runs through Ireland & Co (can you back that up with data?). For the latest quarter: "Our revenues from outside of the United States totaled $9.55 billion, representing 58% of total revenues in the third quarter of 2014, compared to 58% in the second quarter of 2014 and 56% in the third quarter of 2013." Unless the rest of the world outside of Europe only has ~8%, and or all global revenue actually does go through Ireland & Co (again, I'm skeptical it's 100%). That's possible, but it's seems unlikely. |
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From the Wikipedia page: "The offshore company continues to receive all of the profits from exploitation of the rights outside the US, but without paying US tax on the profits unless and until they are remitted to the US.[5]"
So yes: all of it goes through Europe.