The Old Double Irish.

Posted by Sean Doyle, October 23, 2010.

Don't be evil. Or pay taxes. So it turns out Google (GOOG), everybody's favorite search engine/ intelligence agency, used a technique referred to as the "Double Irish" to save some $ 3.1 billion in taxes. It's a little complicated so I'll leave the pretty Double Irish duo below to explain it. Basically it involves income shifting, "Dutch sandwiches," and whole bunch of clever cross border loopholes. I guess if it's legal it's not evil. Go Goog!!!!

Back in Cramer's day a "Double Irish" meant two shots of Jameson at lunch....

Here's some linkage:

NY Mag: Google Uses the "Double Irish" and the "Dutch Sandwich" to Avoid Billions in Taxes.

Bloomberg: Google's 2.4% Rate Shows How $ 60 Billion Lost To Tax Loopholes.