After moving money around, Google paid tiny amount in European taxes
Google continues to expand its use of legal, but questionable, tax shenanigans as a way to minimize its overseas tax burden.
According to Irish media reports, in 2013 Google Ireland Limited paid an effective tax rate of just 0.16 percent on €17 billion ($22.8 billion) revenue, which came to a mere €27.7 million ($37.2 million). Google paid €11.7 billion in “administrative expenses,” which The Irish Times reports “largely refers to royalties paid to other Google entities, some of which are ultimately controlled from tax havens such as Bermuda.”
After moving money around, Google paid tiny amount in European taxes Google pays €27.7m tax at Irish subsidiary on €17bn revenue (Irish Times)