Google Slovakia paid €50,000 in taxes in 2018, despite having a revenue of €1.5 million. (source: Google)
The American tech giant Google, generating billions of dollars in net profits, paid only €50,000 in taxes in Slovakia last year, the SITA newswire reported.
Google, which opened its Slovak branch in 2011, declared a total revenue of €1.5 million.
While France has passed the temporary 3-percent tax on tech giants like Facebook and Google, Slovakia is not considering a similar step. However, the Finance Ministry has announced a change will come next year, SITA wrote.
OECD's global tax reform
Slovakia supports the collective solution, which is being prepared by the Organisation for Economic Cooperation and Development (OECD).
