Mr Schmidt will tell BBC Radio 4’s Start the Week: “What we are doing is legal. I’m rather perplexed by this debate, which has been going in the UK for quite 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.”
As you know my solution is simple: just abolish corporation tax.
The value to us all, to the \”nation\” or the populace, of a corporation doing business here is the consumer surplus we gain from access to the company\’s products. How much tax they pay on what they receive is an irrelevance. The value of Google to us is that we get to Google and bugger the tax take.