[Eric] Schmidt is “very proud” of the corporate structure Google set up to divert profits made in European countries, such as the UK, to its firms in the low-tax havens of Ireland and The Netherlands, thus minimising its tax bill.
“We pay lots of taxes; we pay them in the legally prescribed ways,” he told Bloomberg. “I am very proud of the structure that we set up. We did it based on the incentives that the governments offered us to operate. It’s called capitalism.”
Our old friend: The U2 Jedi Mind Trick.