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Google’s Irish arm settles 345m with income

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GOOGLE Ireland has settled 345.2 million with the Revenues Commission and was able to pay a dividend of 3 billion to the parent company during 2021.

His internet giant revealed payments on a newly submitted account for the Irish arm of the US group.

The settlement with revenue is related to corporate tax, the company said in its 12-month accounting until the end of last year.

Following the end of the year, accounting said the company agreed to resolve certain tax issues related to previous years. This tax obligation and related interest will be recognized in the current fiscal year.

Of the settlement, 218.1 million was for historic corporate tax adjustments, and the company paid 127.2 million as interest related to the Revenues Commission.

Please note that the total tax amount for Google Irelands in 2020 was 622.3 million, an increase from 263.3 million in 2019.

Google Ireland is a wholly owned subsidiary of Google Europe, Middle East and Africa Unlimited, with its ultimate parent company being Alphabet.

Google Ireland, which operates two data centers in Dublin, is also responsible for providing most of Google’s consumer services to users in the European Economic Area and Switzerland.

We make money by serving ads across Google-owned platforms, including Google-owned search engines and applications such as YouTube. Google Ireland employs more than 4,300 people.

Google Ireland sales increased from 45 billion to 48.4 billion last year.

Note this increase, primarily due to the increase in advertising revenue generated by Google Properties and Google Network Member Properties.

Last year, it made $ 2.8 million in pre-tax profit, compared to $ 1.9 billion in 2019.

Details to follow …

Sources

1/ https://Google.com/

2/ https://www.independent.ie/news/googles-irish-arm-makes-345m-settlement-with-revenue-41088354.html

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