WHAT THE OTHER PAPERS SAY THIS MORNING

FINANCIAL TIMES

Hague presses for audit on EU law
William Hague, the foreign secretary, wants to launch a comprehensive audit of the impact of European Union law on Britain this summer, an exercise that could fuel a Conservative drive to repatriate powers from Brussels.

4,000 firms under tax investigation
More than 4,000 companies are under investigation by the tax authorities, senior officials and Revenue & Customs revealed as they faced hours of hostile questioning by MPs over corporate tax avoidance.

Jim Harra, director-general of business tax at the Revenue, said the authorities were investigation the tax affairs of “just over 4,000” companies, although he was unable to say how many of these were large corporates.

Bo family in London property deals
The family of the disgraced Chinese leader Bo Xilai bought luxury London properties through a front company with the help of a French architect.

They enlisted the great grandson of the co-founder of retailer Marks & Spencer to help sell one of the apartments.

THE TIMES

Taxpayer foots bill as RBS stops hospitality
RBS’ decision to cancel its corporate hospitality at Wimbledon means that the taxpayer is paying £260,000 to rent an empty room.

Barclay brothers tighten hotels grip
The Barclay brothers scored a major victory in their battle for control three top London hotels after the Court of Appeal confirmed their right to own the £660m of debt held against the properties.

The Daily Telegraph

TNK-BP board to meet next month
BP has regained some control over the running of Russian joint venture TNK-BP, securing the agreement of its oligarch partners to meet as a board for the first time since December.

T-Mobile USA chief Philipp Humm quits after failed merger
T-Mobile USA chief executive Philipp Humm resigned on Wednesday, six months after a planned merger of the telecom group with AT&T fell apart.

THE WALL STREET JOURNAL
Fiat to Boost Stake in chrysler
Italian auto maker Fiat SpA is expected to increase its stake in Chrysler Group LLC to 61.9 per cent from 58.5 per cent as early as next week by purchasing shares held by a large trust fund that provides health care for retired union workers.

Comcast Settles FCC Complaint
Comcast agreed to pay $800,000 to settle a Federal Communications Commission complaint that it didn't offer stand-alone Internet service to consumers as agreed when it acquired NBCUniversal.