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Airbus boss: It's easy for companies to be open with HMRC

As a European investigation looms over Google's £130m deal with the Treasury, the president of Airbus UK, Paul Kahn told ITV News Business Editor Joel Hills that issues surrounding the tax affairs of multinationals is a matter of concern.

He said it was easy for businesses to be "straightforward and open" but when pressed on companies that are not, he said: "I couldn't possibly comment on that."

It's very easy to play in a very straightforward and open manner with governments including in the UK with HMRC.

– Airbus UK President, Paul Kahn

Chancellor George Osborne visited the Airbus factory in Bristol on Thursday, as he announced the sale of the government's final stake in Lloyds Banking Group was being postponed because of the current turbulence in global financial markets.

Watch Joel Hills' report:

Google defends itself in Financial Times

Google has defended itself in a letter to the Financial Times Credit: PA

Google has written to the Financial Times to defend itself in the row over its tax regime.

The tech group claimed it is being unfairly targeted as the public backlash over its £130 million payment to Her Majesty's Revenue & Customs continues.

Google adds that it is complying with British law.

Peter Barron, Google’s European public affairs chief, writes in the FT: “Governments make tax law, the tax authorities independently enforce the law, and Google complies with the law.”

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