Continuing our ridiculous series on what the government could buy with the measly tax dollars it earns from tech multinationals, we decided to turn the barb toward Google, which was recently revealed to have paid only $227,000 in tax over the course of 2013. And while this is ten times more than the pittance paid by Facebook, it still didn’t quite measure up to what one would expect from an organisation that made US$15.42 billion of revenue globally in the quarter ended 31 March 2014. When the Herald reported on Google’s tax bill, it went for the optimistic headline ‘Google’s NZ tax bill on the up’. And since the team here at StopPress also tends to be optimistic about everything except for the livers of those working in the ad industry, we decided to compile a list of all things National could splash out on at its probable re-election party later this year.
Browsing: tax
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What New Zealand could buy with the $227,000 Google paid in tax
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Facebook’s New Zealand chapter almost doubles revenue, pays $28,484 in taxes
The New Zealand chapter of global social media giant Facebook has doubled its revenue in 2012, although it still remains in the red on the back of increased employee benefits.
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MediaWorks in receivership, but the show must go on
New Zealand’s second largest free-to-air broadcaster MediaWorks has been placed into receivership this morning – a very strange arrangement that will see the company change owners and shed massive amounts of debt, without losing a single job. Although the tax man might come off worse from this deal.
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Google NZ pays $165k tax in boom year for online ad spend
Google New Zealand’s latest financial statement to the government shows the search giant paid $165,000 to the tax man in 2012.