"As for the value of Google to the British economy, Schmidt pointed out that the company's "free" services were widely used by UK citizens."
And we would like to point out that the protection of the emergency services for their offices, the schools that educated many of their UK employees, the roads, the civil structures within which they operate are what we call a civilized society, and the price of that is you pay your effin taxes. Not treat financial transactions made of money as though they were bits of data to be optimized. Google, you owe us some schools and hospitals.
Also, we know what the exchange is for the services - they get to profile us for advertising. I missed the logical step where he explained why that has anything to do with not paying tax.