Apple grapples with Senators over tax

The chief executive of Apple, Tim Cook, has been defending his company's tax arrangements before a Senate committee in Washington. The company says it is one of America's biggest corporate taxpayers; lawmakers say it is one of the country's biggest tax avoiders. We'll be hearing how attention has been focused on subsidiaries which are based in Ireland, run from America and registered for tax...nowhere. We ask how Ireland benefits from arrangements like these, and whether Ireland can be considered a tax haven. Also in the programme: JP Morgan boss Jamie Dimon faces the wrath of shareholders; and how boot camps are becoming big business in Australia.

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28 minutes

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Tue 21 May 2013 16:32 GMT

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