The double Irish tax arrangement was used by many of the world’s biggest multinationals, such as Google

Google has used the double Irish arrangement to pay no tax on profits of almost $40 billion over the past three years.

Newly filed accounts for Google Ireland Holdings, one of the tech company’s Irish subsidiaries, shows that it had profits of $15.5 billion in 2018, up from $14.4 billion the year before.

In addition to the $8.9 billion that Google Ireland Holdings made in 2016, the firm has recorded profits of $38.9 billion (€34.8 billion) over the past three years. The company did not pay any Irish corporate tax on these profits as it is tax resident in Bermuda, which has a 0 per cent tax rate.

Google Ireland Holdings was established in 2003, and it is likely that it also made