Tuesday, March 22, 2011
Bloomberg, Google Questioned by SEC Over Earnings in Low-Tax Countries
, by Brian Womack & Jesse Drucker:
Google received questions from the SEC in December about earnings in other countries that may have reduced the company’s tax bill, according to regulatory filings released today. SEC officials asked Google for “disclosures to explain in greater detail the impact on your effective income tax rates and obligations of having proportionally higher earnings in countries where you have lower statutory tax rates,” according to a Dec. 2 letter.