A Facebook spokesperson said that in the last financial year, the company paid income tax in Australia at more than 30% under local tax law.
Facebook icon. (Photo: AFP/VNA) According to Vietnam News Agency correspondent in Sydney, Facebook technology group has paid 20 million AUD (about 16 million USD). Sales tax in Australia in 2020. Figures from the Australian Securities and Investments Commission show that in the 2020 financial year, Facebook has weathered the worst effects of the COVID-19 pandemic; Accordingly, the total advertising revenue of this group in Australia is AUD 712.7 million (about USD 570 million), higher than the figure of AUD 674 million in 2019. However, Facebook paid A$559 million to an overseas subsidiary for “ad resale,” causing net income 2020 is only 155.3 million AUD, lower than 167.1 million AUD in 2019. Accordingly, the company’s pre-tax profit was AUD 37.9 million. With this profit, the company paid 20 million AUD, compared with 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company has pay income tax in Australia at more than 30% under local tax laws. While the two “tech giants” Facebook and Google both recorded growth in 2020 in Australia, many local media companies had to cut costs and in some cases had to cut jobs due to advertising revenue. reported a drop of up to 30%. Facebook is currently actively negotiating with several Australian media outlets about paying for their news content to appear on Facebook’s Newsfeed feature. So far, Facebook has officially signed a contract with two major media agencies, Seven West Media and News Corp, and according to some sources, Facebook will sign an official agreement with Nine Entertainment Co within the next 2 weeks. . Facebook is also negotiating with Guardian Australia and national broadcaster ABC.
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