Tech giant Google has revealed that it paid its UK workers over £200,000 on average last year, up from £183,000 the year before.
According to financial reports filed last week, the Silicon Valley company paid out a total of £656.8m among its 3,280 UK-based employees last tax year. The amount includes salaries, share-based bonuses, pensions and social security payments throughout the financial year.
The company’s financial report also stated that its directors earned £189,207 last year. However, the salary of Matt Brittin, head of Google’s European division, was not disclosed.
The company’s filings also report £1.27bn in revenue last year, and a pre-tax profit of £201m. That’s a 34 per cent increase from the £149m profit it made the year before. The company’s corporate taxes nearly doubled, jumping from £25m in 2016 to £47m in 2017.
Read more: Dear London, where’s our Google?
Google could be facing a much more significant tax hike in the year to come, as the government seeks to amend the way it taxes the digital economy. Following Brussels’ lead to create a digital tax plan aimed at giants like Apple, Google and Facebook, the British government launched a consultation to examine its own options for digital taxation.
The EU proposal would target those companies making over €7m (£6.1m) in annual worldwide revenues, and digital revenues in the EU of at least €10m. In its position paper for a UK equivalent, the British government outlined several possibilities for a revenue-based tax, although no measure has as yet been implemented.