Original article by John Rolfe
The Daily Telegraph – Page: Online : 26-Oct-21

Google Australia booked a profit of $186m in 2020, while its gross revenue was $5.2bn. However, Google pays tax on the revenue it generates in Australia via a Singapore-based subsidiary, Google Asia Pacific. This company made a profit of $US1.62bn ($2.17bn) in 2020, but its total tax bill in Singapore was only $US123m ($165m). The effective tax rate was just 7.6 per cent, while Australia and Singapore have corporate tax rates of 30 per cent and 17 per cent respectively. Both countries are signatories to a global deal to introduce a 15 per cent minimum tax rate for multinationals.

CORPORATES
GOOGLE AUSTRALIA PTY LTD, GOOGLE INCORPORATED, GOOGLE ASIA PACIFIC PTE LTD