'It's called capitalism': Google boss says he is 'proud' of the company's multi-million pound tax avoidance schemeBy PETER CAMPBELL and AMANDA WILLIAMSThe Daily Mail Dec. 13, 2012 |
Mike Johnson Pushes Debunked Lie That Israeli Babies Were 'Cooked in Ovens' On October 7
'Sniper Seen on Roof Overlooking Pro-Palestine Protest' at Indiana University
'It Has to Be Stopped': Netanyahu Demands Pro-Palestine Protests at U.S. Colleges Be Shut Down
'These Protesters Belong in Jail': Gov. Abbott Cheers Arrest of Pro-Palestine Protesters at UT Austin
Claim Jewish Student Was 'Stabbed In The Eye' by Pro-Palestine Protester Draws Mockery After Video Released
The boss of Google last night said he was ‘very proud’ of the elaborate structure that helped the search giant slash more than £200million from its UK tax bill last year. Taxpayers were left to fund the shortfall after Google contributed just £6million to government coffers – despite making sales of £2.6billion. MPs on the influential Public Accounts Committee last month slammed the group’s methods as ‘immoral’. But when asked about the arrangement which saw the group funnel billions of pounds to Bermuda, a renowned tax haven, the company’s chairman Eric Schmidt said: ‘It’s called capitalism.’ Read More |