$74K: What Google paid As Corporate Income Tax In Australia For 2011

One trend we have been spotting in the recent past is low tax numbers paid by big corporates and individuals - See how John Paulson paid zero income tax for billions of dollars income. We had spotted GE's tax numbers as well. We spotted this today:

"Search giant Google has revealed it expects to pay just $74,000 in corporate income tax for the 2011 calendar year in Australia, off claimed local revenues of $201 million, despite the fact that industry estimates have continually pegged the search giant’s Australian income at closer to $1 billion."

Statistics Source: Delimiter