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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Quiz: Can you identify fake news?

The furore around "fake" news shows no sign of abating. Can you spot what's real and what's not?

Hillary Clinton has spoken out today to warn about the fake news epidemic sweeping the world. Clinton went as far as to say that "lives are at risk" from fake news, the day after Pope Francis compared reading fake news to eating poop. (Side note: with real news like that, who needs the fake stuff?)

The sweeping distrust in fake news has caused some confusion, however, as many are unsure about how to actually tell the reals and the fakes apart. Short from seeing whether the logo will scratch off and asking the man from the market where he got it from, how can you really identify fake news? Take our test to see whether you have all the answers.

 

 

In all seriousness, many claim that identifying fake news is a simple matter of checking the source and disbelieving anything "too good to be true". Unfortunately, however, fake news outlets post real stories too, and real news outlets often slip up and publish the fakes. Use fact-checking websites like Snopes to really get to the bottom of a story, and always do a quick Google before you share anything. 

Amelia Tait is a technology and digital culture writer at the New Statesman.