Google boss defends firms tax avoidance policies in UK
Quotes

Google boss defends firms tax avoidance policies in UK

Last Updated: Tuesday, April 23, 2013, 11:49
 
 Comment 0
 
Google boss defends firms tax avoidance policies in UK
London: Google's chairman, Eric Schmidt, has defended his firm’s tax avoidance policies in the UK, saying that the Internet search giant ‘fully complies with the law’.

During an interview with the BBC, Schmidt defended the fact that Google paid corporation tax of 6 million pounds in 2011 despite recording annual revenues of 2.5 billion pounds in Britain.

According to the Guardian, he pointed to the support that the company gives to startup businesses.

He stressed that Google empowers literally billions of pounds of startups through its advertising network and so forth.

Google is a key part of the electronic commerce expansion of Britain, which is driving a lot of economic growth for the country, he added.

According to the paper, Schmidt''s comments drew an angry response from a member of the parliamentary public accounts committee (PAC), who accused the company of treating tax payments as a "voluntary act".

ANI


First Published: Tuesday, April 23, 2013, 11:49


Comments


comments powered by Disqus
Google I/O 2014
Google I/O 2014
Maker Faire @ White House
Maker Faire @ White House
Amazon unveils 3D `Fire` smartphone
Amazon unveils 3D `Fire` smartphone
RIL`s 40th AGM
RIL`s 40th AGM
Samsung Galaxy Tab S
Samsung Galaxy Tab S

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved