Google and many other companies route their overseas earnings to Bermuda through Ireland and Holland, and effectively pay 2.4% tax on that money since Bermuda d

Google and many other companies route their overseas earnings to Bermuda through Ireland and Holland, and effectively pay 2.4% tax on that money since Bermuda doesn't have any corporate taxes: http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-sho...