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Tag Archives : Google

The IRS’s Tax Rate on Google’s Foreign-Source Income Is 2.4 Percentage Points Too High

The IRS’s Tax Rate on Google’s Foreign-Source Income Is 2.4 Percentage Points Too High

Posted on October 22, 2010

There’s been considerable attention to the news that the IRS has only managed to grab 2.4 percent of Google’s overseas income. As this Bloomberg article indicates, many statists act as if this is a scandal (including a morally bankrupt quote from a Baruch College professor who thinks a company’s lawful efforts to lower its tax liability […]

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