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On Thursday, Google executive Matt Brittin faced tough questioning from MPs on the Public Accounts Committee.
Mr Schmidt wrote: "At a time when families are having to tighten their belts and funding for vital public services is under pressure, corporation tax is rightly a hot topic."
But he emphasised that the tax treatment of multinational companies with a global presence was very complicated.
International tax law might need reforming, and he looked forward to seeing a forthcoming report by the Organisation for Co-operation and Development on how to make the rules simpler and more transparent.