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World Business Report

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Business News 34

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

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Starbucks and Fiat Chrysler Tax Deals 'Illegal'

October 21st, 2015

Episode 525 of 892 episodes

Starbucks and Fiat Chrysler have been ordered to pay back up to $34m each because of so-called “sweetheart tax deals”. Michael Devereux, professor of business taxation at Said Business School, explains what this might mean for how multinational corporations will be taxed in future. Also in the programme we ask why China is making a huge new investment in Britain's nuclear industry. Dieter Helm is professor of energy policy at Oxford University. As Ferrari shares roar ahead on its Wall Street debut, we talk to Enzo Ferrari's biographer, Richard Williams. Plus on the very day in 2015 that fictional time travellers from Back to the Future II were supposed to land, we discuss the perils of predicting the future with the film's writer, Bob Gale.

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