Friday, April 26, 2013

Google boss Eric Schmidt under fire as he defends tax avoidance - Business News - Business - London Evening Standard

Google boss Eric Schmidt under fire as he defends tax avoidance:
Google chairman Eric Schmidt today came under withering criticism from senior politicians and media-industry figures after he attempted to defend the internet giant’s corporate tax avoidance. Schmidt told Radio 4 the fact Google pays virtually no tax on UK profits despite sales of £3 billion was just “the way taxes are done globally” and that “you have to look at it in totality”.