$74K: What Google paid As Corporate Income Tax In Australia For 2011

May 4, 2012 1:45 pm

One trend we have been spotting in the recent past is low tax numbers paid by big corporates and individuals – See how John Paulson paid zero income tax for billions of dollars income. We had spotted GE’s tax numbers as well. We spotted this today:

“Search giant Google has revealed it expects to pay just $74,000 in corporate income tax for the 2011 calendar year in Australia, off claimed local revenues of $201 million, despite the fact that industry estimates have continually pegged the search giant’s Australian income at closer to $1 billion.”

Statistics Source: Delimiter

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