It’s New Year’s resolution time. Lose ten pounds. Learn a new language. Pay more taxes. Well, this last one might be just for Google. This week the tech company announced that it was ending its longstanding “Double Irish, Dutch sandwich” tax avoidance scheme and repatriating its intellectual property licenses from Bermuda to the United States.

The Double Irish scheme is a decades-old tax avoidance strategy used by American companies to shield hundreds of billions of dollars in international earnings from taxation, either by the United States or other foreign countries. The structure involved an elaborate dance between a US company, a subsidiary in Bermuda (or a similar tax haven), two Irish shell companies, and a Dutch holding company. Google parked nearly $25 billion in Bermuda in 2018 alone.

Officials in both the United States and the European Union have long known about the Double Irish scheme and its variations but have only recently begun to take action. In 2014, the EU demanded that Ireland close the loophole. However, existing users were grandfathered in — Google, Apple, and others were given until the end of 2020 to wean themselves off of the giveaway.