When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Thursday, May 30, 2013

UK tax debate and Google

BBC News - Google's Eric Schmidt 'perplexed' over UK tax debate: "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 between 2006 and 2011, despite revenues of £11.9bn. Mr Schmidt said it was up to the government to change its tax system if it wanted companies to pay more taxes. Speaking on BBC Radio 4's Start the Week, he said: "What we are doing is legal. I'm rather perplexed by this debate, which has been going in the UK for some time, because I view taxes as not optional. "I view that you should pay the taxes that are legally required. It's not a debate. You pay the taxes. "If the British system changes the tax laws, then we will comply. If the taxes go up, we will pay more, if they go down, we will pay less. That is a political decision for the democracy that is the United Kingdom.""

Sounds rational to me. Why blame taxpayers for the tax laws passed by any government?


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects