Eric Schmidt defends Google's tax affairs following Commons criticism

Google executive chairman says company accounts comply with international law Google executive chairman Eric Schmidt has defended his company's financial affairs after a Commons committee branded the internet giant devious and unethical for sheltering its multibillion-pound profits from UK taxes. Writing in the Observer, Schmidt said his company's accounts were complicated but complied with international taxation treaties that allowed it to pay most of its tax in the United States. Schmidt said ...