The author is Alex Hunter, Editor, TP News. He oversees and updates the publication and also regularly writes news stories about transfer pricing and international tax law. Alex is reachable on email (firstname.lastname@example.org) and by phone (+447808558597).
Google is happy to pay a higher amount of tax, Sundar Pichai, chief executive officer of Google Inc, has said.
Speaking at the World Economic Forum in Davos, Switzerland on January 24, 2018, Pichai said: “As a company, if you look at the last five years, we paid close to 20 percent in tax. We are happy to pay a higher amount; whatever the world agrees on is the right framework.”
Pichai said that the issue is not that of the amount of tax Google pays, but how it is divided amongst the various countries.
Pichai said: “Today tax system works based on the research and development you create. This is why we are actually investing and adding engineers globally. Overtime that normalises the value of tax we pay because it reflects on where you create value.”
Pichai added that Google is open to any concept. “We encourage OECD to solve these issues which makes it easy for companies to operate,” he told the forum.