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Episode details

World Service,09 Feb 2022,49 mins

Massive profits prompts windfall tax debate

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There are calls for a windfall tax on some of the world's biggest energy companies after they posted huge profits at the same time as consumers' bills face massive increases. We speak to Professor Arun Advani of Warwick University about the economical and moral implications of one-off taxes. In the US the Justice Department has seized $3.6bn in Bitcoin from an online theft which occurred six years when the digital tokens were worth just $71m. The BBC's Michelle Fleury in New York takes us through what happened. The EU announces tens of billions of dollars in subsidies to mitigate supply chain problems in the manufacture and roll out of microchips; Peleton navigates a bumpy road and are robots set to be the pets of the future? Throughout the programme we're joined by Ann Dwyer, editor of Crain's Chicago Business and by James Mayger of Bloomberg in Beijing. Photo: A gas hob Credit: PA

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