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Google pay E27.7m tax in Ireland

Friday, July 25 11:16:06

Latest accounts filed for Google Ireland show that revenues rose by 10pc to E17bn and that it paid a total of E27.7m corporate tax on profits that rose by 7.3pc to E189m.

The books show that "administrative expenses" at the subsidiary were E11.7 billion in 2013, up 7.3pc on the previous year.

"Administrative expenses" largely refers to royalties paid to other Google entities, some of which are ultimately controlled from tax havens such as Bermuda.

The accounts also show a 28.5pc jump in after-tax profit for 2013, to E154.5m.

Google's headquarters for the Europe, Middle East, and Africa region are based in Dublin.

"Businesses across [the region] are recognising that there is no longer a divide between online and offline," said Google Ireland head John Herlihy.

"The successful companies are those that are investing in their online presence and getting ahead of the competition, and Dublin is playing a direct role in helping companies gain from the digital opportunity. With increasing amounts of business being transacted online, our success in delivering relevant, cost-effective online advertising for our customers is reflected in the increase in revenue and turnover achieved in 2013," he added.

Google's Irish operations are far removed from the so-called brass-plate operations of some multinationals here. Local investment also grew. Google invested a further E35.4m in research-and-development &projects here during the year.

The company opened its first digital innovation centre (the Foundry) at its Dublin campus, spending E5.5m on the project.

Since the turn of the year, it spent another E65m in acquiring the Grand Mill Quay site on Dublin's Barrow St in order to further strengthen its position in the capital.

"This acquisition strengthens our operations in Dublin and future-proofs any future space requirements we may have in Dublin's docklands," Mr Herlihy added.

A 20-acre site in Clondalkin has also been bought, where the company intends to build its second data centre.

For more see: www.businessworld.ie