Alphabet , Google ’s owner, has separated out fines paid to the European Commission in its latest statement of income. The US remains the company's largest market, accounting for 47 per cent of the company's total turnover, while EMA is Alphabet's second largest market, accounting for 31.4 per cent of the company's fourth quarter revenues. Such fines increased from $ just $4.2bn in last year to $ 2.7bn last year , with a further 2.7bn set to be added to the company’s 2019 accounts as a result of action by the French data protection authority, CNIL . The accounts also reveal that the company made a provision for income taxes of just $4.2bn for 2018 , equivalent to 12% of its pre-tax income, down from a previous $14.5bn .
Alphabet , Google ’s owner, has separated out fines paid to the European Commission in its latest statement of income. Such fines increased from $ just $4.2bn in last year to $ 2.7bn last year , with a further 2.7bn set to be added to the company’s 2019 accounts as a result of action by the French data protection authority, CNIL . The accounts also reveal that the company made a provision for income taxes of just $4.2bn for 2018 , equivalent to 12% of its pre-tax income, down from a previous $14.5bn .