Choice global news that matters d. W. Made for minds. Meet the germans new and Surprising New aspects of lines and culture in germany. Us american keep take a look at germany dissing chrissys at their traditions every day lives and language can just come out of my lungs and so on. Good. Liquor centric i am going to d. W. Dot com the germans. At. Tax evaders be way the e. U. Launches an investigation into ikeas financial deals in europe a complicated web of financial trickery or is everything above board. Globe. Markets rally u. S. President Donald Trumps Corporate Tax cuts could be signed into law this week. And after the worlds busiest travel was plunged into darkness it could be days before stranded passengers find flights from atlanta airport. Ive been physical and lets do business the European Union has launched an investigation into ikeas tax arrangements in the netherlands they could have given the Swedish Furniture giant an unfair market advantage it may have to foot a bill thats a little pricier than its bill just self bookshelves ikeas known across the globe for its practical and inexpensive Home Furnishings the company also strives to have a low tax bill but the European Commission believes ikea took advantage of questionable tax loopholes in the netherlands. We have concerns that. The tax rulings from two thousand and six and two thousand and eleven may have allowed enter ikea to pay less tax and given them an unfair advantage compared to other companies subject to the same National Taxation rules in the netherlands which would be state rules the alleged tax avoidance model apparently allow the furniture giant to pay little or even no taxes during some years but i keep insists that its tax deals in the netherlands did not breach e. U. Laws the debate over you tax even isnt new the netherlands ireland and luxembourg are among the countries attracting multinationals with favorable tax models besides ikea point starbucks are among the big names taking advantage of such tax schemes the European Commission has now launched an indepth investigation into ikeas tax deals in the netherlands if the allegations of irregularities are confirmed could be hit with a large bill for back taxes. And back over to brussels for out reporter gail motus who is following this story for us how much trouble could ikea be in look them on the commission ordered apple for instance to pay thirteen billion euros to ireland it ordered amazon to pay two hundred fifty million to luxembourg and id say were more in the territory of amazon here and the reason is this a three percent of turnover from all over the world of ikea shops has been channeled to a holding in the netherlands now a substantial part of that money between two thousand and six and two thousand and eleven was then transferred to luxembourg and really looking at hundreds of millions here and that money has theres been this zero tax paid on that money and then were looking at another case an even more creative where tax was avoided involving lichtenstein both cases currently being investigated ok liston stein luxembourg the netherlands it sounds extremely complicated it sounds like ikeas had some very creative if not criminal minds put it working. Id say its not more creative than the cases against amazon and apple the the big American Enterprises that have been investigated by the European Commission but it is clearly the most ambitious european case that has been brought forward by the European Commission that is currently being investigated but its thank you very much for your insight from brussels. Well this next case could cost amazon ten Million Euros Frances Finance Ministry is suing the retail giant for abusing its market dominant position on its own platform Ministry Says there is a significant imbalance in business relations between hours on and been does products on its third party window platform the case follows a two year investigation into such platforms that will be heard by the Paris Commercial Court amazon has the power to modify contracts at a moments notice demand shorter delivery times or blocked deliveries while demanding additional Corporate Information from vendors. Major u. S. Stock indexes a breaking records this monday other Global Financial markets have also spent the day rallying the reason for all the excitement congress is expected to pass trumps tax bill this week the reports Company Profits could surge by thirty percent under the cuts. Red suit or not us president to donald trump seems to want to play santa claus this year well we have a tremendous spirit for the tax reform this is going to be one of the great Christmas Gifts the middle income people. But trumps tax reform gift is overwhelmingly aimed at large corporations it shrinks their tax burden from thirty five to twenty percent for Midsized Companies the tax cut is slightly less generous their rate is capped at twenty five percent meanwhile tax rates for ordinary employees will hardly change at all in fact allowances for low earners wont even be as high as was originally planned. But perhaps the greatest blemish on the tax reform is its cost two point two trillion dollars over the next ten years money the government doesnt have but trump knows exactly where he hopes to get the missing funds we think four trillion dollars will come flowing back this is a country that money goes overseas thats stuck there for years and years and by that means his controversial import tax twenty percent on products imported from abroad its aim is to encourage u. S. Companies to relocate bank home but it would also hit European Companies haunt the e. U. Calls it discrimination so as far as International Trade goes trumps Christmas Present might actually be a lump of coal instead. Of a frankfurt now for daniel corp and why all the excitement there where youre standing over Corporate Tax cuts in the u. S. Here very good question bad because i was actually asking myself the same question because. I guess the reason behind of all of this that investors are kind of happy that finally you get something through remember all the reforms that you wanted to get through that did not really happen because many politicians actually fear that this tax reform could at the and harm lots of jobs here in germany for example because what of all this can also mean that Many Companies here in germany and also and europe might be moving offices might be moving fabrics over to the United States because of this very low Corporate Tax. And there is an even bigger question companies of countries rather around the world could also cut their taxes it could be a rush or a race to the bottom rather. Well the association of the german industry has been very clear saying when this tax reform is really going to be the case that germany also needs to work on this Corporate Tax because here for example we have a level of thirty sometimes thirty five per cent of Corporate Tax which at the end is not really making germany yes indication of very interesting also for investors so yes the and if germany for example would also have a law called protect this could mean less money in the pocket for the German Government ok to have call for us in frankfurt there. And we stay there in frankfurt right in time for the Holiday Travel season southern germany has been blanketed by the white stuff heavy snowfall hit Frankfurt Airport this morning where one hundred seventy flights were canceled the ground crews managed to d. I. s the majority of the planes in timely fashion and soon it was business as usual to germanys because they poured the same cant be said for the worlds busiest terminal was a power outage paralyzed that land as International Airport over the weekend have been thousands of Flight Cancellations the power may be back on now but experts say the chaos in american skies isnt over yet. Passengers stranded at atlantas Hartsfield Jackson airport finally have something to cheer about but sundays chaos is likely to be an unwanted guest during the current Holiday Travel season the reason in almost have to blackout at the worlds Busiest Airport the sudden power outage caused by a fire at an underground electrical facility forced over a thousand flights to be canceled or grounded and many travelers say they were left to fend for themselves. They have these elderly people when handicapped people wind up there will cheers like twenty that could not do nothing because it could get down the escalator and it is sad the people are helpless they cant get out they cant get downstairs. I mean it was this is a nightmare. After around ten hours of work local power authorities managed to get the lights back on but for many travelers the chaos continues. I literally spent a whole seven hours on an airplane without food or water and then they finally let us off they finally let us off too and then i walk into a dark room where everyone sleeping on the floor and i still havent got my confirmation i was on the phone with delta for about two hours still nothing i was like i need to get reimbursed for this i at this point i just want to go to back to my hometown i dont even want to do this anymore. Long lines continued into the night here in atlanta. And Industry Analysts say it could be a full week before flight plans in the usa return to normal. Ryanair pilots have announced they wont hit the picket line over the holidays strikes were planned for several European Countries including portugal ireland and italy comes up to ryanair management agreed twenty into talks with pilot unions for the first time in Company History brian m. Has been forced to cancel thousands of flights through much cheaper shuttling troubles the announcement is a blow for owner michael out there who once said he cut off his own before working with the unions. Business. Here on the top. Two us car tires are indispensable but the environment would be better off without. German scientists are taking a closer look at the damage they cause. And theyre searching for Greener Solutions came production. Disposal. And recycling programs. Tomorrow today next on. News programs. Like. The holy month. Dot com highlights. When im traveling to be comfortable. But i also want to stay up to date on all the latest news and events. And e. W. Makes that part of traveling easy because its available and thousands of Hotels Resorts in cruise ships worldwide. Or have you found the domain side send us a picture that shows d w in your room you can great price team d w dot com travel quiz. Images from an isolated country. Images from north korea or any telling photographer captured fascinating shots of everyday life in a regimented society. An exclusive peek behind one of the last iron curtain is. A north korean dog starting december twenty eighth on t w. Hello and welcome to tomorrow today coming up. Roped off robert how dangerous are particles from tires. Thailands elephants a danger
comparemela.com © 2020. All Rights Reserved.