Nick Shaxson ■ In 2009-10, over 98 pct of Google’s and Oracle’s subsidiaries disappeared

In 2009-10, over 98 pct of Google’s and Oracle’s subsidiaries disappeared

Nick Shaxson

Published:

29 May 2014

Reading time:

< 1 min

Category:

Financial secrecy ↘ Country by country reporting ↘

Tags:

. . . disappeared from view, that is. From the Social Science Research Network, an academic paper from last year:

“From 2009 to 2010, 98 percent of Google’s and 99 percent of Oracle’s subsidiaries disappeared from the Exhibit 21s filed with their SEC Form 10Ks. However, a March 2012 search of available public company registries revealed that at least 65 percent of the missing subsidiaries remained active as of the companies’ 2010 filing dates.”

Astonishing. There’s a lot of discussion in this paper about tax, of course.

The author

Nick Shaxson

Nicholas Shaxson is a journalist and writer on the staff of Tax Justice Network. He is author of the book Poisoned Wells about the oil industry in Africa, published in 2007, and the more recent Treasure Islands: Tax havens and the Men who Stole the World, published by Random House in January 2011. He lives in Berlin.

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