Business quote of the day: “I am very proud of the [tax] structure that we set up.”

“I am very proud of the [tax] structure that we set up.”                     

Eric Schmidt, chairman of the internet giant Google, defended his company’s record on tax, saying “it’s called capitalism.” In an interview in New York, Schmidt said he had no intention of copying Starbucks and making any extra tax payments to the Exchequer, after facing criticism for only paying £6m in corporation tax last year.

 

Helen Roxburgh is the online editor of Economia

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The NS Podcast #135: Trident, Tories and tough love

The New Statesman podcast.

This week, Helen and Stephen talk Trident: the terrors of nuclear war and the attractions of virility symbols. We hear from George Eaton, down-the-line from the Lobby, on the latest speculation over a Tory leadership contest. And the SRSLY Podcast’s Anna Leszkiewicz joins to discuss the dark side of romcoms (Helen Lewis, Stephen Bush, George Eaton, Anna Leszkiewicz)

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