Google chairman Eric Schmidt  toward the rate of tax paid to the UK treasury, despite MP's calling for the 'immoral' outstanding £6m to be accounted for by the Californian company.

The Public Accounts Committee accused Google, Starbucks and Amazon of "using the letter of tax laws both nationally and internationally to immorally minimise their tax obligations".

In an interview with BBC Radio 4 Mr Schmidt said: "Of course that omits the fact that we also hire more than 2,000 employees and are investing heavily in Britain.

"Britain has been a very good market for us. We empower literally billions of pounds of start-ups through our advertising network and so forth. And we're a key part of the electronic commerce expansion of Britain which is driving a lot of economic growth for the country.


So from our perspective I think ... you have to look at it in totality. You're describing the way taxes work globally. And the fact of the matter is these are the way taxes are done globally. The same is true for British firms operating in the US, for example.

I think the most important thing to say about our taxes is that we fully comply with the law and obviously, should the law change, we'll comply with that as well."