Google Pays $74K Tax After Taking $201M Out Of Oz

X

Google Australia recorded a net loss of A$3.9 million on operating revenue of $201 million in the financial year ended December 2011, paying only $74,176 in local taxes, The Australian reports, following a dig at the Australian Securities and Investment Commission.

The result contrasts markedly with IBM Australia’s report for the same period. Big Blue reported a net profit of $309.5 million on total revenue of $4.5 billion, and paid $119 million in local taxes.

The latest result by Google follows losses of $3.1 million in 2010 (when it paid tax of $1.13 million); $4.4 million in 2009; and $8.8 million in 2008 – a total of $20.2 million lost in the four years.

The Oz notes that Google Australia’s total local revenue of $201 million comprised $200 million for services provided under agreements with its US-based parent, Google Ireland and Google Asia Pacific, plus $1 million in interest income.

Local advertising sales revenue is billed through Google Ireland, taking advantage of Ireland’s low corporate tax rate.

Hisense KV BannerAd 728 90 Google Pays $74K Tax After Taking $201M Out Of Oz
BlueAnt 4SQM PumpAirUltra 728x90px Google Pays $74K Tax After Taking $201M Out Of Oz
4Square Media Banner Ads Update at 5 July JSAU05JUL1 Buddy 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz
Uniden Channelnews SoloX July 2024 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz
4Square Media Banner Ads Update at 5 July JSAU05JUL1 MR 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz
Arlo July Promo Digital 728x90 2 Google Pays $74K Tax After Taking $201M Out Of Oz
ChannelNews AZ100 728x90 Google Pays $74K Tax After Taking $201M Out Of Oz
JBL TourPro3 728x90 Google Pays $74K Tax After Taking $201M Out Of Oz
250527 SAV Channel news June25 Leaderboard 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz
Skullcandy 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz
ELX DIG Crosscat Promo 728x90 Mar25 Google Pays $74K Tax After Taking $201M Out Of Oz
HAIER Series 600 FLW HPD Pairs 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz
BEL2535 BPB024 4SQ Banners 728x90 Google Pays $74K Tax After Taking $201M Out Of Oz
Westan 728x90px Google Pays $74K Tax After Taking $201M Out Of Oz
FA 979 HN MDF SG14 14gen 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz
Flick of a switch 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz
728x90 Google Pays $74K Tax After Taking $201M Out Of Oz
AU X8 Banner 728x90 Google Pays $74K Tax After Taking $201M Out Of Oz
MOTO 36331576 Q3 Ad Banners 728x90 2 Google Pays $74K Tax After Taking $201M Out Of Oz
Px7 S3 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz
appliance retailer leaderboard may 728x90 Hitachi updated Google Pays $74K Tax After Taking $201M Out Of Oz
728 x 90 Google Pays $74K Tax After Taking $201M Out Of Oz
GOTHAM 728px x 90px Google Pays $74K Tax After Taking $201M Out Of Oz
728x90 Google Pays $74K Tax After Taking $201M Out Of Oz
Marshall 728x90 1 Google Pays $74K Tax After Taking $201M Out Of Oz


YOU MAY ALSO LIKE