Google's executive chairman Eric
Schmidt has said he is “perplexed” by the ongoing debate over the company's tax
contributions in the UK.
Mr Schmidt told the BBC that the
company did what was “legally required” to pay the right amount of taxes.
Google paid £10m in UK corporate
taxes on revenues of £11.9bn - less than 0.1% - between 2006 and 2011.
Mr Schmidt said it was up to the
government to change its tax system if it wanted companies to pay more taxes.
Are you listen Downing Street; the
tax avoidance debate has reached the point where companies who have come under
fire are telling the government to change the law.
When you read stories about how
companies like Google, and others, have protocol in place that allows them to
pay such a minimal amount of tax, it’s hard to know who to get mad at.
Do you criticise the company, who
in this case paid taxes at a rate of less than 0.1% over a five year period, or
the government for publicly denouncing what they are doing while at the same
time putting no measures in place to stop it.
Either way something needs to be
done, soon.
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