Spectator on facebook

Spectator on facebook

Google pays taxes similar to small firms

THOUGH Google is the biggest internet ad provider in the country, it pays taxes from only a portion of its revenues in Slovakia.

Illustrative stock photo(Source: TASR/AP)

The estimates indicate that Google earns tens of millions of euros on advertising. Slovakia, however, does not see the money flowing into its coffers as the cashflow goes to the Irish subsidiary of the company, the Hospodárske Noviny daily reported on February 1.

The reason is that the company offers only additional services via its Slovak branch, such as data management, and not advertising. Google Slovakia reported its revenues in 2014 of only €1.9 million, while its untaxed profit amounted to more than €140,000. The company paid €65,000 in taxes, as reported by Hospodárske Noviny.

Head of Google Slovakia Rasťo Kulich did not answer questions concerning taxes, and recommended the daily to turn to the Irish headquarters.

“Slovakia joined the initiative of automatic exchange of tax information via which the possibilities of undesirable tax optimisation of international companies are minimised,” State Secretary of the Finance Ministry Radko Kuruc told Hospodárske Noviny.

Moreover, the European Union adopted a package of measures against tax evasion and fraud, he added.

The fact remains, however, that taxation of Google’s revenues is a hot topic across Europe. The British government, for example, agreed with the firm that it will pay nearly €180 million in additional taxes, Hospodárske Noviny reported.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

German investors keep coming to Slovakia, bringing more automation

Corruption remains to be a problem, companies say.

Established in 1991, Volkswagen Slovakia has developed into the biggest private employer in Slovakia.

A unique space for young people about to be created in Bratislava

The Old Dining Room opens its doors in the spring of 2019, but a large community action is already being prepared to take place this September.

Yard of the Old Dining Room

America is rolling into a town near you

We want to know what people throughout the country are optimistic about, what concerns them, and how they view the relationship between Slovakia and the United States, US ambassador to Slovakia writes.

US Ambassador to Slovakia Adam Sterling