Google NZ books more business locally, pays $511m to sister companies

Wed, 10 Jun 2020

Google New Zealand recognised more business locally in 2019, reflecting the global crackdown on the tax affairs of multinational software firms, but still paid more than half a billion dollars to related companies.The local unit of the world’s dominant search engine operator reported a pre-tax profit of $10.6 million on revenue of $36.2 million in calendar 2019, compared to a pre-tax loss of $640,000 on revenue of $17.5 million a year earlier.Google NZ said that was the first full year operating under its new business model, and that it &...

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