Its more than 100 years old and has been successful in treating diabetes. Now they have struck on to this, it has suddenly taken a whole other dimension to it and it is now by far the most valuable company in denmark and europe and also something that is setting a big mark on the danish economy, without it we would have no proof at all. Now we have pretty robust gdp growth compared to peers. So, its a big business. Big compared to peers. So, its a big business. , ,. , compared to peers. So, its a big business. , h. , business. Big business and success sto , business. Big business and success story. Great business. Big business and success story. Great news business. Big business and success story, great news for business. Big business and success story, great news for the business. Big business and success story, great news for the danish i story, great news for the danish economy. We should remember its a private firm and the government is not yet prepared to step in to help boost pr
Chinese government which it is why it has so many facilities on the chinese mainland and what we know about what it is being investigated for . There were few details in the article, but we know its something to do with taxes, land use and potentially breaking laws and regulations. Any indication of why this is happening now . Any indication of why this is happening now . There is no details on happening now . There is no details on what happening now . There is no details on what prompted i happening now . There is no | details on what prompted the investigation but its a sensitive time for taiwan. We are two and a half months away from a president ial election and taiwan is a self governing territory but china claims as its own. The other interesting thing is that foxconn s Billionaire Founder is running in the president ial election and that might be a coincidence its happening at the same time. It is largely seen as being pro china and pro business, something he has pushed back on
Time for a look at the Business News now with tadhg enright. Luxmy gopal, thank you very much. We are going to talk about tax. A new report, funded by the european union, has found that the worlds super rich are still able to pay low rates of tax, despite decades of efforts to reduce evasion. The study says there are still too many loopholes and billionaires are able to pay less than 0. 5 of their wealth. The eu tax observatory, which is behind the report, is calling for a new global minimum tax on billionaires saying that if the richest 3,000 people in the world paid 2 , then it would raise 250 billion a year. Earlier, i spoke to Richard Murphy a Tax Reform Campaigner and professor of accounting practice, Sheffield University Management School and asked how feasible that would be. The good news in this report today is that a lot of measures that are being put in place which i campaigned for over the last 15 years are working. For example, tax havens are now causing one third of the ha
Hello and welcome to Asia Business report. Im arunoday mukharji. Electronics giant foxconn is under investigation in china. Authorities are carrying out on Site Investigations in multiple locations the Company Operates in, according to Chinese State media. Business reporter Suranjana Tewari is here with the details. Give us a sense of what we know moment. Chinese state at the moment. Chinese state media say that foxconn is under investigation within china at some of its subsidiaries. Its some of its subsidiaries. Its not clear some of its subsidiaries. Its not clear as some of its subsidiaries. Its not clear as the some of its subsidiaries. It s not clear as the global times did not specify what it is under investigation for but it did allude to something related to taxes, to land use and the breaking of some sort of law and regulation. Foxconn is an Electronics Giant and makes apple iphones for the global market. It is a Taiwanese Company but has had good relations with the Chinese Go
Is a Taiwanese Company has got good relations with the Chinese Government which is why it has so many factories on the mainland. Foxconn says it will cooperate with authorities and respond to whatever it is asked. ~. , respond to whatever it is asked. ~. Respond to whatever it is asked. ,. , asked. What you make of the timin asked. What you make of the timing of asked. What you make of the timing of the asked. What you make of the timing of the developments . J timing of the developments . Its not clear why its happening now. What we do know is its a sensitive time for taiwan. Two and a half months from a president ial election which will be of interest to china. China claims taiwan as its own, although it is a self governed territory. The other interesting thing is that the former foxconn ceo and Chief Executive and founder recently cut ties with the company so he could run in and theres no indication it might be a coincidence and at an interesting time for them to be investigated in