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Google CEO Eric Schmidt has defended the firm over claims it should pay more tax in the UK.
Whilst the firm is valued at an estimated £176bn, Google has come under fire for paying just £6million in corporation tax for a full year’s business within the UK.
However, talking to the BBC, Schmidt believes that Google shouldn’t be made to pay more given the number of UK businesses that use the its services.
"We empower literally billions of pounds of start-ups through our advertising network and so forth," said Schmidt.
"And we’re a key part of the electronic commerce expansion of Britain, which is driving a lot of economic growth for the country."
Schmidt moved on to state that Google’s stance on tax is one mimicked by a number of other international companies – effectively shirking the responsibility to other firms exploiting the system, whilst maintaining the firm acts entirely within the law.
"The same is true for British firms operating in the US, for example," the CEO continued.
"I think the most important thing to say about our taxes is that we fully comply with the law and we’ll obviously, should the law change, we’ll comply with that as well."
