Google’s overseas tax bill rises sharply

Google said its overseas tax bill rose sharply last year, while sales in Britain, its biggest foreign market, hit a record $5.64bn (€4.12bn).

Google said in its annual report filed on Wednesday, that its overseas tax charge, including deferred taxes, was $743m in 2013.

While this was up from $432m for 2012, its tax rate on foreign earnings was just 8.6% in 2013 — around a third the headline rate in its main non-US markets.