0
Broadband

Google to account for Australia revenues locally

Monday 2 May 2016 | 09:11 CET | News
Google Australia has started accounting for local advertising revenue in Australia, rather than in Singapore. The change started at the beginning of this year, the company stated in its 2015 financial report to the Australian Securities and Investments Commission, reported by ZDnet. This marks a similar change to the UK, where Google recently started booking advertising sales from British customers locally, rather than in Ireland. The same as Ireland, Singapore offered Google a lower tax rate on the income. For the 2015 financial year, Google Australia's pretax profit amounted to AUD 50

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Google
Countries: Australia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Google Ireland pays EUR 48 mln tax on EUR 23 bln in sales

Published 07 Nov 2016 08:52 CET | Ireland
Google's advertising sales business in Ireland earned revenues of EUR 22.6 billion in 2015 and paid just EUR 47.8 million in tax, ...

Hungary proposes 'Google tax' on internet firms

Published 13 Sep 2016 09:41 CET | Hungary
Hungary proposed to levy a withholding tax on internet companies such as Google, Facebook and Amazon at an informal meeting of EU ...

Google CEO defends tax practices, warns over Brexit

Published 19 Jul 2016 18:03 CET | Europe
Google CEO Sundar Pichai has defended the group's tax payments. In an interview with German newspaper 'Welt am Sonntag', Pichai ...

France seeks EUR 1.6 bln in back taxes from Google - report

Published 25 Feb 2016 09:04 CET | France
The French government will claim EUR 1.6 billion in back taxes from Google, an official at the finance ministry told Reuters. ...

Committee report criticises Google UK tax settlement

Published 24 Feb 2016 17:34 CET | United Kingdom
The Public Accounts Committee in the UK has criticised HMRC's recent tax settlement agreement with Google. The Committee urged ...

Google limits tax on royalties through Dutch company

Published 19 Feb 2016 09:32 CET | Netherlands
Google has avoided billions in tax with a postbox company in the Netherlands used to collect royalties. The company declared EUR ...

Google defends UK tax, calls for international reform

Published 12 Feb 2016 10:48 CET | United Kingdom
Google has defended its UK tax payments and called for international tax laws to be rewritten. Writing in The Telegraph ...

Google "paying 20% tax" in the UK

Published 12 Feb 2016 08:56 CET | United Kingdom
Google's president of Europe, Middle East and Africa has defended the company's tax arrangements in a parliamentary hearing. "I ...

Google accused of evading EUR 227 mln Italian tax - report

Published 28 Jan 2016 15:06 CET | Italy
Italy's financial police have accused Google of evading EUR 227 million in taxes between 2009 and 2013, according to unnamed ...

Alphabet to pay GBP 130 mln to end tax case with UK govt

Published 25 Jan 2016 09:03 CET | United Kingdom
Google parent Alphabet will pay GBP 130 million to end a tax settlement case with the UK authorities, Bloomberg reported, saying ...

Amazon to pay UK taxes on profit made from UK sales

Published 25 May 2015 10:48 CET | United Kingdom
Amazon has started booking retail sales made to customers in the UK through a UK branch of Luxembourg-registered Amazon EU, ...