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Business Matters: EU Big Five launch tax crackdown

News

EU Big Five launch tax crackdown

15/04/2016 GMT

BBC World Service - Business Matters, EU Big Five launch tax crackdown

The five biggest EU economies have announced a global tax avoidance crackdown.

The five largest European economies have agreed to share information about the secret owners of companies and trusts, to crack down on tax evasion.

Europe's five largest economies have agreed to work together to combat tax evasion, and have urged other members of the G20 to follow suit.  Britain, Germany, France, Italy and Spain will share information about the secret owners of companies and trusts, and have proposed creating a blacklist of havens that do not share corporate registry data.  

Shareholders in the oil giant, BP, have voted to reject a 20% pay rise for its chief executive, Bob Dudley, at the company's annual general meeting in London. In the last year BP announced thousands of job cuts and saw its biggest annual loss for two decades - but the vote is not binding.

Owen Bennet Jones reports from Oklahoma which has one of the largest Native American populations in the US. Many tribes are enjoying economic success which is helping to cure some of the serious health problems which many communities have suffered from recently.

Microsoft is suing the US government over the right to tell its users when federal agencies want access to private data. It says keeping access requests secret is against the US constitution, which states that individuals should be made aware if the government searches or seizes their property. 

The song at the heart of the civil rights movement, We Shall Overcome, is at the centre of a copyright war. The lawyers who last year successfully challenged the idea that anyone could own the copyright to the Happy Birthday song have taken on the case.

Presenter Jon Bithrey is joined by David Freedman of the Atlantic in Boston and Jonathan Cheng of the Wall Street Journal in Seoul.

(Photo: EU flag. Credit: Ben Pruchnie/Getty Images)

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