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Actually, if you go read the longer version of the article at http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-sho... you'll find that Google's overall effective tax rate was 22.2 percent last year. The BusinessWeek version of the article is radically shorter and suffered for those edits, in my opinion.


OK, let's make it clear once and for all:

22.2% - overall effective tax rate in US in 2009 (compared to 27.8% in 2008)

2.4% - average overseas tax rate 2007-2009 (that's what they pay to the Rest of the World, where they earn 88% of profit)




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