Google Ireland paid €171m in tax as turnover soared to €32bn

Google Ireland paid €171m in tax as turnover soared to €32bn

Google Ireland paid just under €171m in tax last year, as turnover increased by almost €6bn to more than €32bn on the back of strong advertising revenues.

The Irish arm of the online giant paid out a €1.6bn dividend to its US parent, while its tax charge for the year rose to €170.9m, up from €163.8m in 2016. Turnover increased by €5.9bn to €32.2bn, up from €26.3bn in 2016, which Google Ireland said was primarily driven by a rise in advertising revenues.

Those revenues were generated by an increase in the number of paid clicks through Google’s advertising programmes, it said.

Profit for the year after tax was €1.16m, down from €1.18m in 2016. The firm said administrative expenses increased to €21.9bn in 2017, increasing by €3.5bn from the previous year. This was due to an increase in headcount, as well as an increase in sales and marketing efforts across the EMEA region, Google Ireland said. Direct employment was up 7% more than to 3,400 at the end of 2017, it added. Vice president and head of Google Ireland, Fionnuala Meehan said: “2017 was a year of continued growth with global demand for our advertising products and services continuing to increase. The EMEA sales organisation here in Dublin is driving that growth across Europe.”

The company’s total assets decreased from €8.5bn in 2016 to €7.8bn last year, primarily related to decreases in debtor and cash and cash equivalent balances in 2017.

Shareholders’ funds decreased by 10% to €4.4bn, primarily as a result of the dividends paid to its shareholder of €1.6bn, which in turn was offset by the profit for the financial year of €1.2bn, the directors said in their report.

The directors warned that privacy concerns related to its technology could damage its reputation, and if its security was breached in an attack, it could lead to “significant legal and financial exposure”.

More on this topic

Funds mull Google exit on $1tn valuationFunds mull Google exit on $1tn valuation

Google reveals what Ireland searched for most in 2019Google reveals what Ireland searched for most in 2019

Google bans ads targeting political affiliationGoogle bans ads targeting political affiliation

Google parent Alphabet agrees €1.9bn Fitbit dealGoogle parent Alphabet agrees €1.9bn Fitbit deal

More in this Section

Oil price falls as virus fears hit hardOil price falls as virus fears hit hard

Harcourt posts profit of €23m and reduces debtHarcourt posts profit of €23m and reduces debt

Cork Chamber wants a Minister for CitiesCork Chamber wants a Minister for Cities

Budget hotel operator EasyHotel to open Dublin property next yearBudget hotel operator EasyHotel to open Dublin property next year


IT IS movie award season and Irish designers and their luxury creations were the stars of the silver screen this week.From red carpet to luxe rugs: Ireland's designers get movie-star treatment

Falsies don’t have to be fiddly, says Katie Wright.5 common myths about false lashes

Hiring professional designers to guide you through a home revamp can get you what you want, which doesn’t necessarily have to be what TV home improvement shows tell us, writes Carol O’Callaghan.What a professional interior designer can do for you when planning a home revamp

Kya deLongchamps turns the spotlight on countertop stars to look out for in the last throes of the January sales.Counter culture: Some star kitchen appliance buys

More From The Irish Examiner