Google settles US$327 million tax bill in Australia

(Last Updated On: December 18, 2019)

Google settles US$327 million tax bill in Australia

Google agreed to pay Australian tax authorities Aus$482 million (US$327 million) to settle a long-running dispute over the tech giant’s multibillion-dollar business in the country, officials announced Wednesday.

The Australian Tax Office (ATO) said the payment covered taxes owed for 2008-2018, and brought to Aus$1.25 billion the amount recovered from global e-commerce titans including Microsoft, Apple and Facebook.

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“This settlement is another great outcome for the Australian tax system,” said Deputy Commissioner Mark Konza, who has spearheaded the ATO’s Tax Avoidance Taskforce.

Continue reading Google settles US$327 million tax bill in Australia at Vanguard News.

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