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Business Matters: 'Tax Hikes Go After the Heartland of America' 21 Jan 15

Wed¹, 21 Jan 15

We preview Obama's announcement on increasing taxes for the rich. Tax hikes however 'go after the heartland of America' by removing the incentive² to earn more, says Terry Savage³ in a feisty critique of the president's upcoming State of the Union address. In London, a satirical play on tax havens⁴ is beginning its season - we speak to the director of 'Islands' to hear why he thinks he's helping⁵ Britain's Prime Minister in clamping down on tax evaders. Finally, Hong Kong has been declared as the most expensive place in the world to rent office space - a day after the world's most expensive residential⁶ blocks went on sale in New York. Property expert Rhiannon Bury explains the economics behind rocketing real estate value. Guests today are Paddy Hirsch from US radio programme Marketplace, and Vicky Mohieddeen of the Koryo Group in Beijing. Presented by Fergus Nicoll.