TheNews

Technology companies should have "a sense of responsibility" for paying taxes, as the amount of tax paid by them is very small compared to the returns, the Bank of England governor Mark Carney told on Friday.

Speaking at a panel session at the World Economic Forum Annual Meeting in Davos, Carney said that "It should be recognised that some of the biggest firms to take the most advantage of international tax rules are technology companies."

"The amount of tax they pay is small in relation to the system. A sense of responsibility is needed," he added.

While hailing the European Central Bank's one trillion euro stimulus program, the BoE chief suggested that the governments and central banks must act further to reduce disparities.


More...