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Tax Fraud May Have Cost European Governments $63bn

A bank fraud in Europe may have deprived taxpayers of $63bn across at least ten countries.

A bank fraud in Europe may have deprived taxpayers of $63bn across at least ten countries. The Βι¶ΉΤΌΕΔ's Theo Leggett brings us the details. Also in the programme, with the Brexit process seemingly deadlocked over the question of the Irish border, Declan Billington, chief executive of Thompsons, an animal feed business in Belfast sending products south across the border, tells us what's at stake. The US is to withdraw from a long-established treaty which allows small packages to be delivered from poorer countries at low cost. Jordan Fabian is White House correspondent for The Hill website in Washington, and explains the background to the move. Online auction site eBay has accused its rival Amazon of poaching sellers illegally. Richard Hunter at the British investment management company Interactive Investor examines the case. Plus we hear about Landspace's ambition to become the first Chinese non-governmental commercial enterprise to launch a satellite to orbit.

(Picture: Euro notes. Picture credit: Getty Images.)

27 minutes

Last on

Thu 18 Oct 2018 14:32GMT

Broadcast

  • Thu 18 Oct 2018 14:32GMT