Google's tiny tax bill in Australia alarms Opposition
Posted in: Government & Policy at 26/05/2012 14:54
Google has refused to explain why it paid just $74,176 in Australian tax last year, despite making an estimated $1 billion in revenue from the Australian market.
The opposition communications spokesman, Malcolm Turnbull, said yesterday the growing digital economy was creating headaches for lawmakers. He said corporate giants like Google were able to generate billions in revenue within Australia, ''much of it at the expense of local media outlets'', but pay minimal tax by creating subsidiary offices in low-taxing foreign jurisdictions.
http://www.smh.com.au/opinion/political-news/googles-tiny-tax-bill-in-australia-alarms-turnbull-20120525-1za51.html
Also see:
Google NZ posts another loss - and makes another tiny NZ tax contribution
In a now familiar ritual, Google New Zealand has posted another loss, all but avoiding a local tax contribution.
Records just filed with the Companies Office show Google New Zealand lost $52,000 during its 2011 fiscal year - worse than the $45,000 loss it reported for 2010.
http://www.nbr.co.nz/article/google-nz-posts-another-loss-and-another-tiny-nz-tax-contribution-ck-119234
