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World Service,08 May 2012,18 mins

Asia and tax cheats

Business Daily

Available for over a year

Is Asia's wealth gap worsening? Lesley Curwen talks to the Asian Development Bank's Assistant Chief Economist, Joseph Zveglich about the rise of inequality. And it is estimated that India's wealthy evade $300bn in taxes each year, hiding much of it in foreign banks and zero tax regimes. Bundeep Singh Rangar is Chairman of IndusView, which helps foreign companies invest in India. He explains why tough laws to tackle tax evasion are opposed by special interests. Plus, the ÃÛÑ¿´«Ã½'s Katie Hunt reports from Hong Kong on how some of Asia's most powerful business dynasties are gripped by bitter succession battles.

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