"Google paid just €47.8m in tax against earned revenues of €22.6bn (£20.1bn) made across Europe, the Middle East and Africa which were funneled through its advertising sales business in Dublin. According to the Guardian, referencing company filings in Ireland, revenues at Google Ireland Limited rose 23% in 2015 to €22.6bn (a third of its global income) with an estimated $7bn (£5.6bn) coming from transactions with advertisers in the UK."
"A spotlight has been on the tax practices of global companies such as Google for a number of years. Recently this intensified after the European Commission claimed that fellow tech-giant Apple owed €13bn in back tax as a result of illegal tax breaks given by the Irish government. The crux of the issue with Apple lies in its 'head office' (which the Commission said has no offices or employees) in Ireland through which "almost all sales profits" are recorded."
"Little information is available on Google Holdings Ireland as it listed as unlimited and so not required to file accounts, under Irish company law, but it does claim to have 2,763 staff in the country and thus argues that its operations there are for more than just tax benefits. Nonetheless, Google settled an £130m bill earlier this year with the UK over 10-years worth of unpaid taxes."
Google paid €47.8m in tax against €22.6bn of revenues generated across Europe, the Middle East and Africa that were routed through its Dublin advertising sales business. Revenues at Google Ireland Limited rose 23% in 2015 to €22.6bn, about one-third of Google's global income, with an estimated $7bn coming from UK advertisers. The European Commission investigated similar practices at Apple, claiming €13bn in unpaid tax linked to an Irish 'head office' with no staff. Google Holdings Ireland is listed as unlimited and does not file accounts, while Google claims 2,763 Irish employees and settled a £130m UK tax bill covering ten years.
Read at The Drum
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