And im not talking hairstyles. Donald trump will present his tax plan today. Big cuts are expected. Will it make multinationals bring their huge foreign cash piles back to the us . And ahead of south koreas election, we hear from Whistle Blowers On The Culture Of Corruption which brought down that countrys president. Welcome to World Business report. Im aaron heslehurst. If you have about eight minutes, i promised to give you a fascinating snapshot of the world of business and money. Lets start in the us. Shaking up the tax system has been a major theme of the trump administration. Today hes promising what he describes as A Big Announcement on his planned reforms. In fact mr trump has already said hes planning what hes called maybe the biggest tax cut weve ever had. Take a look at this. During the campaign he talked about cutting the top individual tax rate from 36. 9 to 25 . In terms of business, he wants to cut the Corporate Tax rate from 35 to 15 . Mr trump has also proposed charging american firms a one off tax ofjust 10 on money they bring back to the us from overseas. Hes also pledged to simplify the overall tax system. But can he turn all this into legislation . After all, hes failed to deliver on other key policy objectives, like Healthcare Reform and an extensive travel ban. Geoffrey yu, head of Investment Office uk at ubs wealth management. It is great to have you with us. Thank you for coming in. The obvious question is, can america, if they make these cuts, aao at . Question is, can america, if they make these cuts, a40 at . One of the major planks of his Health Care Bill was to make available half an billion dollars in savings for this tax cut afford it . I think that is an open question. Lets be clear on this repatriations in, it has been talked about since 2004 and it has always been a theme in fx markets repatriation thing. has always been a theme in fx markets repatriation thing. If it has been talked about from former president s, they have never done it . 0nce, president s, they have never done it . Once, and ever since, president s, they have never done it . Once, and eversince, so president s, they have never done it . Once, and ever since, so good luck to him. Lets stay on that. Is there an argument that someone will say, say that we bring back the billions and the one off tax, that the money wont necessarily end up in the so called right places. It wont go into infrastructure. It might end up in shareholder pockets. A study in 2005 showed 96 cents out of a dollar repatriated went into dividends even though the legislation was specifically designed not to allow this to happen. It basically went to the shareholders and back into the company. The Corporate Tax he has a point. America, 35 . One of the highest. The highest in the oecd. The highest in terms of the rich countries. Ireland is called point 1296. It countries. Ireland is called point i2 . It would give a boost to the small and medium sized businesses, the bloodline of any economy. There isa the bloodline of any economy. There is a survey called the nfib survey, that has surged since he was elected, after declining for two yea rs, elected, after declining for two years, so elected, after declining for two years, so they are clinging to this and hoping he delivers. Ok. You read and hoping he delivers. Ok. You read a lot of surveys. Laughter you read a lot of surveys. Laughter you read a lot of surveys i was reading this, and you would know it better than i do, but it is called pass through companies. President trump wants to shake up the system. People have gone, yes, because it is only going to benefit him. And others. It will benefit the really wealthy. Is there an argument for that . It comes to distribution at the end of the day. The populism we have seen over the past 12 months and beyond comes down to distribution. And who will benefit. The fear of it across the board and the political sphere is that ultimately we talk about brexit and the cost so, the cost will be on the cost so, the cost will be on the people who vote for this. And the people who vote for this. And the gains will not be enough for them. Where does this push politics first that they have to consider. I have to wrap it up, in general, for lehman, anytime at tax cut will give a shot in the arm for the us economy, we should see a boost . Laymen. If it happens, they will benefit. Thank you for coming in. And you have just made it in the nick of time. His taxi was late. Japanese companies have been Making Headlines, but for all the wrong reasons. Fujifilm still exists has delayed its most recent Earnings Report after it found accounting irregularities. And toshiba is restructuring its business after its us nuclear unit collapsed. The Bank Of Japan starts its monthly policy meeting today. Is the central bank doing enough to reform Corporate Governance . Rico hizon is in our Asia Business hub in singapore. That is a lot to cover, rico is the central bank doing enough to reform Corporate Governance . It is a bit messy. Yes, it is a bit messy. That has been one of the pillars of Prime Minister shinzo abe and he is abenomics reform programme. That looks at this point like there is not enough political will to push through with clear Corporate Governance in japan through with clear Corporate Governance injapan his. That will be a key point to be discussed in the Bank Ofjapan Meetings over the next two days and they will also tackle the economy and monetary policy. The bank ofjapan, aaron, is basically, maybe, upgrading Growth Projections for the new Financial Year but they are also expected to lower Inflation Projections owing to the rebound in global trade. Japan has seen a marked increase in exports, Employment Growth and Industrial Production and the imf has raised gdp Growth Outlook for the year in the latest World Economic outlook report. Monetary policy wont likely see movement on Interest Rates at this meeting. Corporate governance as we have discussed will be key because over the last few months weve seen Japanese Companies such as fujifilm and toshiba Making Headlines because of poor Corporate Governance issues, so we of poor Corporate Governance issues, so we will likely see key discussion during this meeting of the Board Members of the bank ofjapan over the next 48 hours. Ok, rico, i know that you are going to get your eyes on that, and i will too, if i can. It is not the most exciting, though, is it, seriously 0k, good on you, rico with south koreas president ial election drawing near, questions are being raised about how corruption in the country was allowed to flourish at the highest levels of business and government. It brought down the president but will the election mean change . 0ur Asia Business correspondent Karishma Vaswani reports from seoul on why its so rare for employees to speak out. Get up, get on the train, go to work, repeat. It is this uniform structured formula that has helped create the massive conglomerates known as chaebols here. In order to succeed you have to follow the rules. Speaking out of turn means you might pay a high price. The 2017 whistleblowers awards, it is an exclusive club that nobody really Wa Nts To Exclusive Club that nobody really wants tojoin. Exclusive club that nobody really wants to join. This exclusive club that nobody really wants tojoin. This Man Exclusive Club that nobody really wants to join. This man said exclusive club that nobody really wants tojoin. This man said hyundai tried to cover up a series of Engine Defects when he worked there. He brought the cases to light at the expense of his career. Translation look at me now. I am fired and i wont be able to find anotherjob. Before i had a high salary with lifelong employment. I am close to retirement. It is a lot to ask someone retirement. It is a lot to ask someone with many years ahead. Those who speak out no doubt they are marked. 0ne who speak out no doubt they are marked. One man is the leader of a Samsung Union that isnt really recognised by the company. He says it is the structure of chaebols which leaves workers powerless. Translation i realise this Group Management structure meant nothing could be addressed without approval from the very top. It is a problem rooted in economic history. Chaebols families would use capital raised from listed shares in company a to Purchase Stakes in company b and use capitalfrom Purchase Stakes in company b and use capital from that to Purchase Company c, until you have this, founding families with disproportionate control with just a few shares in most entities. Every now and then someone emerges from this web intact. Every week, this man leads a small union meeting. He was fired when he reported his firm for deliberately overcharging customers and for the case in court. He won. Translation i am famous as a whistleblower. I have won six lawsuits against kt and now no one bothers me, not even my boss. I am untouchable. It is only the rare few who have Nothing To Lose who would dare to speak out. And until that changes, corruption can often go uncheck all the way to the top. Unchecked. Good on you. In other news shares of mcdonalds jumped by more than 5 in us trade, after the Fast Food Giant reported better than expected in the first three months of this year. Maccy dees pocketed a profit of 1. 2 billion. Thats an increase 8 compared to same period a year ago. Singapore has retained its crown as the Maritime Capital of the world, according to a respected biannual ranking. The asian city topped the tables followed by hamburg, oslo, shanghai and london, according to the International Chamber of shipping. There you go. Dont forget you can get in touch with me and some of the team on twitter, im bbcaaron. I will be back with james to take a look at some of the papers from around the world. The system for funding new schools and new places in existing schools is increasingly incoherent and too often poor value for money, a group of mps has concluded. The Public Accounts Committee says it is concerned that theres a tension between the governments policy of setting up more free schools, which are outside local council control, and supporting existing schools. Ministers believe free schools are key to meeting demand for more School Places and they plan to open 500 x 20 20. They are state funded by the independently run by charities or groups of parents 500 but 2020. The Public Accounts Committee says while free schools are needed in some parts of england, in others they create as much as 20 of Spare Capacity and they are wasting public money. There is an ageing stock of buildings and the government is rushing to fund free schools at in old office buildings, long standing temporary accommodation, buildings without playgrounds or sports facilities. We dont think this is a long term sustainable approach to the future education of oure children. The mps investigation builds on a National AuditOffice Report in piggery highlighting how billions was being spent on free schools while existing School Buildings were old and deteriorating. This new report notes last year the dfe provided over £4 billion to maintain schools but faces significant challenges still over the next years as buildings continue to deteriorate. The department for education says a free schools are popular with parents and provide excellent value for money. Coming up at 6am on breakfast, dan walker and Louise Minchin will have all the days news, business and sport. Theyll also have more on the changing face of british gardens. A new report from the Royal Horticultural Society says Climate Change is going to affect gardens in the North And South of the uk in very different ways. Thats breakfast at 6am. This is bbc world news. The latest headlines President Trump is insisting that he still intends to build a wall along the us border with mexico, though hes indicated hes prepared to wait before seeking federal funds to do it. Democrats in congress are blocking his request forfederal funds. The us military has begun Installing Parts of an advanced Missile Defence system known as thaad at a site in south korea, amid high tension over north koreas missile and nuclear programmes. Hundreds of local residents protested and some clashed with police as a convoy of vehicles arrived