Google Korea tax up 18%, still far below estimated earnings

Posted 2 hours ago by

The korea Herald News

Google paid 28.3 billion won (19.2 million) in corporate tax in South Korea last year, up 18 percent from a year earlier, but far below academic estimates of its actual earnings in the local market, newly disclosed audit reports showed Wednesday. Speculation that the gap could narrow has grown since February, when the government required Google to process map data on domestic servers, and March reports that the company was in talks to operate a Korean data center.