FIRST AIRED: May 23, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 4

×

Transcript

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