Bonuses, bolt-holes and Babylonians

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Business Weekly looks at pay transparency. It now seems to have become the conventional wisdom that the more transparent everything is, the better it is. But is it true? Research has shown that more knowledge about what other companies pay can have untoward, unintended effects. It can, in fact, ratchet up everybody's earnings. Plus the programme looks at what has become of tax havens and at the world of Babylonian finance.