Microsoft subsidiary used Bermuda to avoid taxes on $315 billion

[Windows Central]

Dodging tax consequences like Neo dodges bullets.

[h=2]What you need to know[/h]

• An Irish subsidiary of Microsoft managed to avoid taxes on $315 billion.
• The Irish company in question has zero employees besides directors.
• It achieved this zero-tax status by being "resident" in Bermuda.

Got $315 billion worth of profit lying around and want to learn how to avoid paying even a penny's worth of taxes on any of it? Ask Microsoft Round Island One, an Irish subsidiary of MS that used its Bermudian resident status to do just that.

Full story from the WindowsCentral blog...