This week, Google Chairman Eric Schmidt is quoted as saying ‘If governments want Google to pay more taxes, they should change tax laws’. To be honest, he has a point.
More and more companies are being outed by politicians for using various loopholes to lower their tax bills, including Amazon, Starbucks, and Apple. The thing is it’s all legal, so we can bitch and moan and point fingers all we like but the fact remains that if they’re not breaking the law, why would they stop?
So next time a story comes up about a company not paying enough tax, don’t be an idiot and point the finger at them, point it at your country’s legislators and tell them to fix it.
- Google’s Eric Schmidt: change British law and we’d pay more tax (guardian.co.uk)
- Google boss Eric Schmidt ‘perplexed’ by row over tax (thetimes.co.uk)
- Google boss Eric Schmidt: ‘If the taxes go up we will pay more, if they go down we will pay less’ (independent.co.uk)
- Schmidt: If governments want Google to pay more taxes, they should change tax laws (scooprocket.com)