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.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.