February 10th, 2015
Episode 154 of 705 episodes
Business Daily looks at the ongoing fallout of the HSBC tax scandal. Revelations this week have shown how thousands of rich clients were helped by a Swiss branch of the bank to hide hundreds of millions of dollars from the tax authorities. What does this conspiracy say not just about Swiss banking, but about the deals cut by tax authorities and about corporate culture in general? Is it time to disclose everything, to name and shame tax avoiders? Also in the programme, we hear from Detroit, where America's Motor City is motoring again after suffering years of insolvency.