Google NZ makes $20.5m profit, pays US parent $870 million

Google NZ makes $20.5m profit, pays US parent $870 million
Google's local tax bill is swelling. (Image: Getty)
Daniel Dunkley
Google’s New Zealand business made a $20.5 million post-tax profit last year, paying a mammoth $870m service fee to its US parent.Profit rose from $15m in 2021 as US tech platforms continue to expand in New Zealand.Revenue recorded in NZ increased to $78m in 2022, up from nearly $58m the year before.The improved performance saw Google NZ pay a larger service fee to its US parent. The $870m sent to the US eclipses the $698m paid in 2021.Reported NZ revenue excludes the service fee.According to tax experts, the parent groups of large US tec...

More Media

Mercury seeks buyer for Are Media
Markets

Mercury seeks buyer for Are Media

Mercury bought the Bauer Media assets early in the covid pandemic.

Pattrick Smellie 10 Jul 2025
TVNZ targets one million digital viewers logged in by 2030
Finance

TVNZ targets one million digital viewers logged in by 2030

The latest performance forecast unfolds the broadcaster’s online ambitions.

Denise McNabb 07 Jul 2025
Spark bags $47m after accepting ‘low ball’ offer for Hutchison shares
Markets

Spark bags $47m after accepting ‘low ball’ offer for Hutchison shares

Spark has realised A$43 million (NZ$47m) from the sale of its 10% stake in Hutchison Telecommunications Australia (HTA) – after accepting an offer that a minority HTA shareholder called “lowball”.The telco said the transaction would close in July, with the funds used to reduce de...

Staff reporters 23 Jun 2025
Review: End of Summer Time by Roger Hall
The Life Free

Review: End of Summer Time by Roger Hall

It’s a fitting, funny, and unexpectedly moving production.

Dalaine Krige 22 Jun 2025