Google's Schmidt blames weak UK laws for low corporation tax returns

Google’s executive chairman, Eric Schmidt, has said the search giant would pay more corporation tax in the UK if it was required to do so.

Schmidt comments, relayed by the Telegraph and the Guardian, came during this year’s Edinburgh Television Festival, where he gave the MacTaggart lecture.

He defended the £8m of corporate tax paid by Google to the government between 2004 and 2010 as “the legally minimum amount of tax required”. During the same period, Google enjoyed a turnover in the UK of £6bn.


» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.