Many people have reported what Eric Schmidt had to say today on Google's tax. This is the Guardian who note he told the BBC:

"We empower literally billions of pounds of startups through our advertising network and so forth. And we're a key part of the electronic commerce expansion of Britain, which is driving a lot of economic growth for the country. So from our perspective you have to look at it in totality."

So because Google sell a lot of adverts it seems he thinks they don't have to pay tax because somehow we all benefit as a result.

Now let's try the inverse of this logic. It would be that if Google failed to sell so many ads it would owe a lot more tax.

It doesn't work does it?

Or to put it another way, Schmidt is just wrong.

For the sake of your credibility Google, just pay up.

Oh, and sack your chairman.