Google has recently come under fire in the UK for alleged tax avoidance — last November, UK legislators talked to high-level executives about an apparent discrepancy between Google's global profits and their UK income taxes, and it was reported last week that a former executive has evidence of further tax avoidance. Now, chairman Eric Schmidt has publicly responded to the ongoing controversy: in an interview with the BBC, Schmidt plainly said that Google does everything legally required to comply with tax laws. "I view that you should pay the taxes that are legally required," he said. "It's not a debate. You pay the taxes." He also said he was "rather perplexed by this debate" over Google's tax practices. "What we are doing is legal,"...
via The Verge - All Posts http://www.theverge.com/2013/5/27/4369950/eric-schmidt-perplexed-by-uk-tax-controversy
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