Microsoft subsidiary used Bermuda to avoid taxes on $315 billion
(Windows Phone Central)

Dodging tax consequences like Neo dodges bullets. What you need to know 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. As reported by the Guardian, Microsoft Round Island One, the company with zero employees to its name (besides directors), is not subject to tax because it`s tax resident in Bermuda, a UK territory that doesn`t charge corporation tax. This leaves a pretty big question out in the open: How does a company with zero actual employees make $315 billion in profit and not pay taxes? If Microsoft`s game here seems like a pretty overt way to game the system, that`s because it...