FIRST AIRED: May 23, 2017

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00:00:00
Nero corporate tax that's how much seven of the ten biggest banks operating in Europe paint in the UK , CD group and Credit Suisse disclosing their UK division paid no corporate tax in twenty fourteen , joining the list which includes the likes of JP Morgan Deutscher and Morgan Stanley , okay opposition party labor is calling for a tougher response , what really pissed chief financial correspondent Rachel Armstrong says the banks which have declined to comment on it breaking any rules , most companies engage in tax planning to manage their bills banking lobby group the corporate income tax is just one of many factors investment banks plate such , the banker bogus text in the UK , lex avoidance there will remain a political hot potato in Britain in total return major banking groups in the UK generated over forty billion dollars in revenue in pretty fourteen , the bank's threatened to quit the UK chancellor George Osborne may struggle to make them pay up