But that 35% corporate tax rate is the highest in the developed world, so Google's overseas tax rate is going to be lower than 35% even if they didn't pull anything fancy.
Also keep in mind that 35% corporate tax rate is also almost pure fiction too -- standard exemptions, let alone loopholes, are among the best in the world.
Also keep in mind that 35% corporate tax rate is also almost pure fiction too -- standard exemptions, let alone loopholes, are among the best in the world.