Australia Declares War on Tax Avoidance

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Finance Minister Joe Hockey promises to pursue profit-diverting multinationals. We find out more from John Osborne at the Australian Chamber of Commerce and Industry. Chile's president Michelle Bachelet has sacked key cabinet members as she becomes mired in controversy. The BBC's Gideon Long reports from Santiago. Also in the programme, will Picasso's Les Femmes D'Alger become the most expensive painting sold at auction, ever? Art experts Emma Ward and Harco van den Oever tell us what's going on. And our regular commentator, Lucy Kellaway, explores the instructive value of spying on business clients, when they're not looking.