May 11
4
Google reported it lost money in Australia last year despite a 50% increase in their revenues compared to 2009, ZDNet noted . “The Australian division of search giant Google has filed its financial accounts with the nation’s corporate regulator stating it made a loss of $3.08 million in 2010, resulting in a payment of just $7.4 million in taxes off local revenues of $151.39 million,” ZDNet added, but noted not everyone believed in the numbers. Click to read the rest of this post..
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Google Losing Money In Australia? They Pay $257k Per Employee