Google paid little in taxes in Slovakia

Slovakia will not follow France's footsteps to tax tech giants, though.

Google Slovakia paid €50,000 in taxes in 2018, despite having a revenue of €1.5 million. 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).

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