EU: Google CEO defends Europe tax practices

Google CEO Sundar Pichai hit back Sunday at accusations that the global internet giant failed to pay enough taxes in Europe, and warned of the potential fallout from Britain leaving the EU.

As Google faces a raft of fiscal probes across the continent, Pichai told Germany’s Welt am Sonntag newspaper that the US company invested “very heavily” in Europe and employed 14,000 people there.

“As a global company, we find ourselves between the conflicting priorities of international tax law,” he said, in remarks published in German.

“Based on the structure of existing tax law, most companies pay the bulk of their taxes in their home countries.”

He said that Google respected the laws on the books, and that governments would have to take action if they wanted to ensure more revenues stayed at home.

“Only the further development of the global tax system by politicians can lead to better results,” he said.

Asked about a Brexit or British exit from the EU following last month’s watershed referendum, Pichai underlined the importance to Google of a “unified digital market” in Europe.

He said it was a “challenge” for a multinational company “to come to terms with different laws and regulations in each country”.

Full Content: Gulf News

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