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The latest business and finance news from around the world from the BBC


Apple's $14.5 Billion Tax Bill

August 30th, 2016

Episode 814 of 1091 episodes

Tech giant Apple has to pay $14.5 billion in back taxes to Ireland. The European Commission says Apple has paid minuscule amounts of tax on its profits in Ireland in some years. Our reporter Damian Grammaticas talks to Competition Commissioner Margrethe Vestager. We also hear from opposition Sinn Fein MEP Matt Carthy and Brian Keegan, the Director of Taxation at Chartered Accountants Ireland. A technical report has blamed design flaws for the deadly collapse of a dam at the Samarco mine in Brazil last year. Our correspondent in Brazil, Daniel Gallas, tells us what went wrong. Homeowners who rent out their house on room-sharing websites have had a bit of a shock when it comes to re-mortgaging. Some have been told by US banks that their homes are investment properties, so they will have to pay a higher rate of interest. Jeffrey Naimon, a banking and financial services attorney in Washington DC, says mortgage rules are lagging several years behind property sharing websites.

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