Google Korea's tax bill is 40 times lower than academic society estimates

According to a statement made by the office of Rep. Choi Suzyn of the People Power Party based on data such as the report "Sales and Estimated Sales of Overseas Big Tech Korean Subsidiaries" by the Korea Financial Management Association,
Le Korea's estimated annual sales in 2023 is approximately 12.135 trillion won (approximately 1.311 trillion yen), and the amount of tax that should be paid is 622.9 billion won (approximately 67.299 billion yen).
However, the company actually paid only 15.5 billion won (approximately 1.67 billion yen), about one-fortieth of the amount.
Meanwhile, Google Korea announced that its sales revenue for 2021 will be 292.4 billion won (about 3
The projected annual growth rate is expected to grow from 1.585 billion won (approximately JPY 39.471 billion) in 2020 to 365.3 billion won (approximately JPY 39.471 billion) in 2023, with an annual growth rate of just 4%.
The Choi office said that Google Korea is making huge profits, but that most of its sales are being transferred overseas.
The company explained that it may be trying to minimize its domestic corporate tax. However, banning the company's actions would hinder fair competition with Korean companies and would have a negative impact on the Korean ICT industry in the long run.
Choi said, "If Google's US headquarters does not disclose the specific sales figures for each service, and Google Korea does not disclose detailed sales items, then we will not be able to measure its performance in Korea."
"Transparency regarding the matter will be significantly compromised."