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).
30. Jul 2019 at 22:02 | Compiled by Spectator staff