After having been fined €2.4 billion ($2.7bn) for anticompetitive behavior related to Google Shopping in 2017, the search giant was slapped with a record-breaking €4.3 billion ($5.1bn) fine last summer for antitrust violations related to its mobile operating system Android.
While that easily trumps any other antitrust fine the European Commission has handed out over the years, Google’s full-year earnings report, published last week, reveals how significant that fine really was.
As this following chart shows, the $5.1 billion penalty exceeded the amount of income tax that Google’s parent company Alphabet had to pay for the entire year.
Thanks to the 2017 Tax Cuts and Jobs Act, Google’s effective tax rate dropped to 12 percent last year, enabling the company to post a record profit of $30.7 billion last year, even after accounting for the $5.1 billion fine which is still under appeal.
This article and chart originally appeared on the blog of statistics firm Statista, and is republished here with permission.