Thirty percent on the cuts red suit or not us president to donald trump seems to want to play santa claus this year we have a tremendous spirit for this. This is going to be one of the great christmas gifts. But trumps tax reform gift is overwhelmingly aimed at large corporations 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 thats 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 back home but it would also hit European Companies hont the e. U. Calls it discrimination so as far as International Trade goes trumps Christmas Present might actually be a lump of coal instead. All right lets talk tax reforms and bring in our financial correspondent stance quarter yes charles tax reform is not even through yet but investors are happy tell us more about the atmosphere behind you at the new york stock exchange. Weve seen as for weeks if not for months that investors on wall street are expecting this tax reform and now it got even a bit closer to reality of the u. S. President could sign the package should be for christmas and for the seventieth time this year alone of the dollar jones industrial average said a new all time high that is a record so having so many closing highs within one year isnt enough theyre called was it so the tech savvy index so for the First Time Ever at least during training trading reached the seven thousand point mark a lot of companies are basically expecting a lot of positive figures for their own because of this tax reform which companies and just how much the benefits could be. There are some companies who might profit a bit more than others for example Financial Institutions firms they might do extremely well but bottom line when the top Corporate Tax rate will be lowered to pretty much all of the big us american corporations will profit and weve seen in the deposit couple of weeks and months or that all of those companies are pretty much on the rise and scott in new york thank you so much. And to a different story to europe the European Union has launched an investigation into ikeas tax arrangements and then at alliance they could have given the Swedish Furniture giant an unfair market advantage and now it may have to foot a bill thats of course a little pricier than its cheap bookshelf. 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 to touch 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 if confirmed to be in breach of as you state rules. The alleged tax avoidance model apparently allowed the furniture giant to pay little or even no taxes during some years but ikea insists that its tax deals in the netherlands did not breach e. U. Laws the debate over taxi vince isnt new the netherlands ireland and luxembourg are among the countries attracting multinationals with favorable tax models besides ikea apple and 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. This next case could cost amazon ten Million EurosFrances Finance Ministry suing their reach for abusing its market dominant position on its own platform the minister sighs theres a significant imbalance quote in business relations between amazon and vendors selling products on a Third Party Platform the case follows a two here investigation into such platforms as will be heard by the Paris Commercial Court allison has of the power to modify contracts at a moments notice demand show to delivery times or block deliveries why demanding additional Corporate Information from lenders though here in germany alison wants to roll out its brick and Mortar Stores like in the us to be part of an International Strategy so far the company hasnt issued a timeline. The corporate graveyard includes more than a few brick and mortar businesses slain by amazon most recently toys r us which declared bankruptcy this year. Yet while traditional businesses have struggled to match amazons Online Presence customers havent given up on physical stores far from it in fact close to ninety percent of all Retail Shopping worldwide is done in person a figure that also applies to the u. S. Economist represents about twelve percent of sales nationwide but theres evidence that its kind of hitting a plateau terms of the amount of sales itll produce shopping in person is even more common in europe where cash is still king and online buying not quite as widespread amazon may hope a physical presence can help when those store go in customers experts say its american bookstores allow the company to show a personal face and showcase its own products while learning lessons about customer Shopping Habits that could help online theres some irony in amazon selling books off the shelf as it was selling books online that first put it on the map and helped put some brick and mortar bookstores out of business but the retail giant can afford to experiment its Online Empire after all is only expanding. The company that place together stays together said lease many germans play Musical Instruments here that its not unusual for Large Companies to have their own orchestra playing together is not just fun it also boosts team spirit. What you heard of vite company fits the bottle she leads sixty accountants engineers and i t specialists they have all swapped their computers for cellos violins flutes and assumes they are the s. E. P. Orchestra maybe not as well known as the companys Corporate Software products but an important part of the business nonetheless. To monday of whats called in the company that wants to advance and be successful it is very important that people are in harmony with each other that they are able to work in a team and cooperate theres no in the world where you have to react so quickly to each other and Work Together so well as an orchestra. Thats because each musician depends on his colleagues to achieve that perfect harmony they have to listen to each other respond at the right time and be well trained and prepared. Gives you like essence of the. Sense that you have to practice if you want to get folks right. Like that kind of weight and. To kind of. Practice. To be successful and thats how it all fits together as sapient Schubert Bosch and yes the german auto parts maker has its own orchestra too in fact many of germanys largest corporations are tuned in among them siemens chemical firm. And all of the automakers diameter b. M. W. And. It is in the german d. N. A. In germany it is a widespread competence to be able to play an instrument all those people playing an instrument are organized within the german Music Federation which has nine million members and that is more than the German Football Association and. That should make sure theres enough musicians for generations of company orchestras keeping the economy into. The Company Beyond humphrey bogus for during harrison fords had care in the Indiana Jones movie this company is bankrupt Union Officials say a court has thrown out a rescue plan for italian hatmaker. And put the company into administration and Investment Fund took control of the struggling hats for two years ago but its efforts to save the company failed what was found at an eight hundred fifty seven and its heyday was in one thousand nine hundred twenty. Two million hats a year. Very nice business you see tomorrow same time same place thanks for watching. G. W. Diversity. Where the world of science is at home in many languages. On top of that ive been going there you know. Our innovations magazine for any shocks of every week and always looking to the future fund d w dot com s science and research for a shocking. Images from an isolated country. Images from north korea any tellings a tunker for captured fascinating shots of everyday life in a regimented society. An exclusive peek behind one of the last iron curtain its. A north korean diary starting december twenty eighth on t w. They live to surf. Danger lurks in the water we were. Surfing waste and polluted water. Basically in this case if only as long as a backup of the nation will. Easily piece its sad to go somewhere every day and see more and more time the scene here is for me everything the way the winds have to give Something Back its like you know it was. White waves surfers fighting against unseen the sea started general in