Google’s Chairman Eric Schmidt has defended Google’s low tax payments in UK, claiming that Google operates within the law and is responsible for “billions of pounds” of spend in the country.

Britian’s  Public Accounts Committee (PAC) has accused Google last December of “immorally” minimizing their tax bills. The Public Accounts Committee (PAC) claimed Google paid just £6 million in corporation from revenues of £396 million in a report on the issue.

Schmidt rejected the criticism in a radio interview with Britain’s BBC. I think the most important thing to say about our taxes is that we fully comply with the law and we’ll obviously, should the law change, we’ll comply with that as well,” he said.

“Britain has been a very good market for us. We empower literally billions of pounds of start-ups 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,” he said.

“So from our perspective, I think you have to look at it in totality. You’re describing the way taxes work globally. And the fact of the matter is these are the way taxes are done globally. The same is true for British firms operating in the US, for example.”