Thomson ReutersFebruary 13, 2014 08:34
By Tom Bergin
LONDON (Reuters) - Google said its overseas tax bill rose sharply in 2013, while sales in Britain, its biggest foreign market, hit a record $5.64 billion.
Google said in its 10-K annual report filed on Wednesday that its overseas tax charge, including deferred taxes, was $743 million in 2013.
While this was up from $432 million for 2012, its tax rate on foreign earnings was just 8.6 percent in 2013 -- around a third the headline rate in its main non-U.S. markets.