By Jonathan Davies
The governor of the Bank of England Mark Carney has called for tech companies to show greater responsibility over their tax.
Speaking at the World Economic Forum in Davos, Switzerland, Mr Carney said: “Some of the firms that take advantage of international tax rules are the tech companies. The amount of tax they pay is small in relation to the system. A sense of responsibility is needed.”
Although the governor didn't name and specific companies, giants like Apple, Google and Amazon are all having their tax arrangements scrutinised.
Mr Carney's comments add to calls from the Chancellor George Osborne for a crackdown on tax-avoiding tech firms. The Chancellor wants to introduce a 25% levy on profits earned in the UK but moved abroad.
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