Original article by Max Mason
The Australian Financial Review – Page: 3 : 1-May-18
Google Australia’s accounts for 2017 reveal that it booked gross revenue of $A3.06 billion. Net revenue, on which Google is taxed in Australia, totalled $A1.022 billion. Google Australia paid tax of $A37.2 million in 2017 and it made a profit of $A125.1 million. Meanwhile, Facebook Australia boasted revenue of $A476.8 million in 2017, up from $A326.9 million in 2016. It reported a $A9.6 million loss as a result of a tax charge.
GOOGLE AUSTRALIA PTY LTD, FACEBOOK AUSTRALIA PTY LTD, AUSTRALIAN TAXATION OFFICE, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION