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Google limits tax on royalties through Dutch company

Friday 19 February 2016 | 09:32 CET | News
Google has avoided billions in tax with a postbox company in the Netherlands used to collect royalties. The company declared EUR 10.7 billion in revenues from the Amsterdam-based company in 2014, but paid just EUR 2.7 million in tax, according to filings with the Dutch authorities reviewed by public broadcaster NOS. The company Google Netherlands Holding has no employees. The company's revenue comes from royalties from other group companies, that is then booked as royalty costs paid to Google Ireland Limited, based in Bermuda. This left the Dutch company with a profit of just EUR 11 million.

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Categories: Internet
Companies: Google
Countries: Netherlands
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