Comments on: Hightower Lambasts Google’s Bermuda Move

By: IRS Probes Google’s Bermuda Tax Avoidance | Bernews.com

IRS Probes Google’s Bermuda Tax Avoidance | Bernews.com — Thu, 13 Oct 2011 13:33:09 +0000

[...] its profits to Bermuda to avoid American taxes caused a firestorm of controversy both in the United States and Europe, with politicians, political commentators and businessmen charging that the Internet [...]

By: Tigga

Tigga — Fri, 19 Nov 2010 10:07:29 +0000

The point that Hightower misses is that whilst these companies certainly do avoid taxes, this enables them to do business at a lower cost to the public. He cites a figure of $3 billion, but who do you think would bear the burden of a $3billion tax bill? Do you think google would just say ‘Oh Well’ and take it off their bottom line? No way – the cost would be passed on to the consumer.

By: Truth

Truth — Fri, 19 Nov 2010 02:27:46 +0000

No it doesn’t.

Companies that set up a physical presence in Bermuda (Ace,XL and many others) here supports our families by hiring locals and expats who buy and rent properties and who support our local economy in a variety of different ways. Shell corporations do very little in this area. They pay their annual fee to the Registrar of Companies but the fee is small in comparison and there isn’t too much more than that. Truthfully, Bermuda can do without that business because it is small in terms or revenue but the negative publicity that comes along with it is just not worth it, in my opinion.

By: Sad but true

Sad but true — Fri, 19 Nov 2010 00:01:40 +0000

It’s true and it’s morally wrong, but we all choose to ignore the fact because this type of business supports our families’ livelihoods in this country…

By: jredmond

jredmond — Thu, 18 Nov 2010 22:59:51 +0000

Come on now…he’s not wrong. Google is doing exactly what he says they’re doing. He’s not an a##hole for pointing out the truth. Now if he said Bermuda was a horibble place because we don’t tax corporations he would be an a##hole, but from what I can gather he’s not.

By: Call as it is

Call as it is — Thu, 18 Nov 2010 21:38:30 +0000

He looks a real a$$hole and anyone that reads his drivel and believes what he writes is an a##hole too