Home Residential Property Google boss Eric Schmidt plans to spend £30m on London home

Google boss Eric Schmidt plans to spend £30m on London home

by Deleted Subscriber Content
8th Jul 13 12:18 pm

London looks set to become a second home to yet another of the world’s rich and famous.

According to a report in the Financial Times, Google’s billionaire chairman Eric Schmidt is now on the hunt for a London mansion in Kensington and Chelsea.

It is believed that the American could be planning to sink around £30m for a prime piece of London real estate.

The move follows on from a turbulent time for the Google boss whose company has been widely criticised for tax avoidance here in the UK. From 2006 to 2011, it generated £12bn in revenues from the UK, according to regulatory filings, and paid just £10.6m in taxes.

Labour leader Ed Miliband criticised the company for going to “extraordinary lengths” to avoid paying tax.

However, Google has vowed to step up its presence in the UK and is planning a new headquarters in King’s Cross.

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