Its not opportunity. It is taxed in america. You have until midnight tonight to file your 2013 tax return. By the end of last week, the irs had received 100 million returns. About 75 of what it expects to receive in total. Abouterage refund so far, 2800. One of the biggest issues plaguing the irs, how do you reform the Corporate Tax structure . This thing is a mess. Trillions of dollars said overseas, away from the irs. Debateder cbo director this very issue on street smart. We have the trifecta and problems. A corporate row gram that hurts our Growth Program that hurts our growth. Its time to look at our competitor nations and realize we are out of step with the 20th 21st century. Others have moved away from taxing worldwide income. Those who have a Company Making money in brazil pays tax in brazil and thats it. In the u. S. , you pay a second layer of tax. Companies dont want to do that. We need to fix that problem quick. Where is the breakdown . We have the highest Corporate Taxes of any country in the world. Why can we get something done . Off, the biggest problem with our Corporate Tax usbasedhat many large multinational corporations are able to use a variety of accounting tricks to make it in taxke they may profit havens like the Cayman Islands dollar they dont have to pay any taxes. Ultimately, that burden gets shouldered by average taxpayers and Small Business owners who foot the bill in the form of toher taxes and cuts public programs. The answer is not to move to what is called a territorial system, where you say, any profits a multinational pretense to make no longer have to be taxed. That would only increase the incentive for companies to ship profits off shores. Dans point about the need for strong enforcement and good rules. Within the system, you should not be picking winners and losers in either investment projects or hiring. This is not a matter of religion. This is, look around the world and see what has worked. All of our competitor countries have gone to this. Land and new zealand with the other direction and event changed back. This get a lower rate five percent, bring it back and put it to use for this economy. The former omb director joined us earlier on surveillance. He is the vice chairman of citigroup. He is also a Bloomberg View columnist. I asked him about the number of tax loopholes unable to available to corporations versus individuals. One loophole that you can take advantage of thats not going to get my rate to 12 . The only way to have that is the vast majority of your income and Capital Gains rather than regular income. Thats why Warren Buffetts tax rate is so low. The vast majority of his income is a tax preferred capital income rather than ordinary income. That is the big loophole. If you are not able to go the buffet route, what do average americans need to know . For higher income couples, the rates are higher. The expiration of the bush tax cuts and the Affordable Care act which brought the 3. 8 of net Investment Income tax and higher medicaid taxes on wages its a reaction of, wow, how could i owe that much . The rates are higher. With collecting Social Security, thats as much a tax issue and a benefit issue. If you are both collecting Social Security and you have even a modest amount of other income, you will pay on 85 of your Social Security benefits. That is an example of where a married couple where pay more tax because they are married than if both of them had remained single. A reason for Senior Citizens to not get married is they are both collecting Social Security and have modest amount of income. Is that one of the unintended consequences of the tax code . Is a marriage penalty. Wasnt consciously written into the code . Its not meant to be a healthy but they dont want to reward people for filing jointly. Muchreally surprising how there is in terms of a marriage penalty in different parts of the Internal Revenue code. It does not seem fair enough. Online,e people filing cyber criminals are busy trying to steal identities. Theyre trying to claim refunds. Tom ridge weighed in on this issue. One of the Biggest Challenges , hackersited states are either employees or former employees. One third of the incidents that have occurred in the private either your employee, vendor or a third party with access to your systems. Depends on attacks what their goals are. Sabotage, theft that determines the nature of the attacker. Weve seen robots lead to self driving cars. Now theyre adding drones and al other stuff to that list. Jack wire making a more affordable car. Jaguar making a more affordable car. A sticky situation for the first lady. She had her base decorated with stickers. She called these families her heroes. And she gave the children tickets to the white house easter egg roll. I put these on earlier. Awesome. Ok. You guys got it . Show me what youre making. I know they give you guys a home away from home. This is lunch money on Bloomberg Television. Also streaming just about everywhere online. Her phone, your tablet, apple tv , amazon fire tv we are everywhere. And im adam johnson. We have seen robots, drones and Driverless Cars from google. Now you can add some very high flying drones to the list. This is thanks to newly acquired what is googles plan . Now in the drone business. There isposedly supposedly this effort to be good with it and spread Internet Access to folks around the world. Giveis when these drones up secure places access to the internet get what we are seeing with google is, they are saying, they will give it to everyone we possibly can. These drones have a lot more applications than that. Tell us a bit about where this fits into googles strategy. You say giving people access to the internet all over the world. Does it also means that google will be able to determine where you are, what you are doing and what ads they want to serve you . Yes, there has been that concern. Now google has a number of ways to see where people are and see what people are doing. We dont know what all this means. There has been concern about those implications. Google needs to find more folks to get on the web so they can show that more ads to grow their business. Part ofas so big, it is the internet. It needs to find more people to make the internet even bigger. As part of the effort. Google glass finally available to the public. But there is a catch. They are on sale for one day only. The 1500 glasses show web content on a tiny screen. They come in prescription and there is even a sunglass version. Stop is a minimum and they selling tonight at midnight. Yahoo competitor ja stepping up its own game. There are some new additions. Olivia sterns with the latest, talking to trish regan. Shes looking for the way forward. The next big thing. A big part of her turnaround strategy will be trying to find big hits with original content. In katie brought couric and had a couple of big hires from the new york times. In the past week, she announced she will bring in bobby brown. She tapped the editor of elle in and anchor a fashion coverage for yahoo . Really building up the content vertical. With all of these key figures, they will be trying to build original video because that is where the growth is and that is where the money is. Twitter headquarters today in San FranciscoUnion Workers are protesting the 56 million of tax breaks received from the city. What is being called the twitter tax break. But othert twitter, Tech Companies as well that you getting this break. Heres how it Works Companies are exempt from paying payroll taxes on new hires. It is great for companies that are looking to grow. It is a sixyear window and an eight year time frame. Anytime beginning april 2011, in in 2012. D it is an incentive for them to come to the midmarket area, which used to be a blighted area. It is a great deal for companies that are considering ipo. Critics on the other hand say it is taking a big bite out of the citys budget. Innovation, we will take a look at how smart cameras or securing our cities. Even trying to prevent crimes. The discovery vision content vehicle. A why all the bells and whistles, coming up in motors. Check this out. The chinese icebreaker setting sail from antarctica after wrapping up its 40th expedition to the area. Building a research station there. Here it is. In motors, land rover has a big monday nine. The company unveiled its discovery vision concept vehicle on the deck of new yorks retired aircraft carrier. Cool part is not whats under the hood. Its whats on top. To keep up with the modern world of driving, the land rover brand has had to adapt. Best known for making powerful gas guzzlers coming recent years, it has turned to a younger demographic. Feature has remained consistent. Being able to conquer the land. Uses 21st advance century tech built into a classic car. The suv maker has put cameras on the grill and one on the windscreen to create a virtual image of the terrain called the transparent bonding. What lies beneath the car is projected on the hood, offering the driver even more visibility. Including what position the front wheels are in. Well in river says the pioneering, it is just a concept. They have no plans to release it just yet. That is mindboggling. Aston martin also mindboggling. Known for its exclusive, expensive cars. Lowering the entry port. Trying to compete with porsche and jaguar. Matt miller introduces us to the sub 100,000 aston martin. What we have chosen to do with this cars offer something which is more focused and specification for the enthusiast driver. Very much on the motorsport heritage. Very distinctive from the exterior. Underneathortant, the bonnet here. 361 pork. 190 miles an hour. Que. 61 tor a car that is very functional to be driven on the road. One cool thing on the scar that will surprise a lot of people is , this car is priced at 99,000. Most people might expect Aston Martins to be higher than that. That is great. I think the most important thing about it is you can get in a stick shift. You see so many of the highend sports Car Manufacturers going on to automatic your boxes. What drives you to keep it more traditional . Demand. One of the things we recognize is this is very much a drivers car. Successful ins so the motorsports environment. 30 of our cars in north america are stick shift. That is why this car comes as a standard manual. You also have the automatic as well. For those customers who want to try something different. How much do expect to sell this . Ofave read sales targets double the sales by 2016. You want a boost production. We want to grow production and sales. This car has the opportunity to do so. As martin is very exclusive. Last year, we sold 4000 cars. We see an advantage in this market. 30 in terms of our sales we would like to sell a few more cars. This is an opportunity to broaden our appeal with a few more customers. Withu have the agreement olla they will supply engines and electronics. When will we see that . It gives us the opportunity to develop custom aston martin products for the future. The v8 engines, powertrains, electronics will come as part of our Overall Development in terms of the aston portfolio. We are investing about 500 million 800 million in new products over the course of the next five years. Very exciting times for us. We are looking forward to seeing the new product in the next 35 years. You continue to compete with the biggest brands as well. Most of them are now owned by or working with huge, major carmakers. How difficult is it to stay competitive and stay independent . We have a unique position. And welow capitalized have opportunity to react very quickly to the market. Confidentre very where we are today and what we are doing. Its hard to juxtapose the concept of coding it for the track, building up the horsepower, building up the tor que and bringing the price down. How do you bring those together . We are looking to operate a distinctive package here that to a broader market. We realize that competitive segment has grown exponentially over the course of the last few years. We believe we have a compelling proposition. From hightech cars to hightech dishes. Is tryingtrophysicist to stop malaria. That is next in innovation. Look at this. A recordsetting umbrella dance for southwest china. 10,000 people took part. They get the record for largest dance group ever to perform. Coming up on 26 minutes after the hour. That means bloomberg tv is on the markets. Im julie hyman. Lets take a look at where stocks stand today. We have the selloff resuming, particularly in the socalled high beta names. Were seeing decline today. That is abated by worse Economic Data out of china. In terms of individual stocks that we are watching, trip advisor is one. Raising its price target on the trip booking site to 105 a share. They restated the Companies Outperform rating after the analysts completed an analysis on their click an advertising business. Zebra buying Motorola Solutions enterprise 43 . 5 billion. We will be back in th on the markets in 30 minutes. Onthis is lunch money Bloomberg Television. We are fully digital. Online, mobile, apple tv, amazon fire tv. The video is the story. Ukraine launches an antiterrorist operation against prorussian activists in the eastern region. The upends of coming as Officials Say element of Russian Forces were identified among prorussian militants. Soldiers and volunteers are digging through rubble in search of victims from a massive fire in chile. The flames burned for more than two days and destroyed 25 hundred homes. Officials say 15 people were killed. The city is under military rule while the cleanup effort goes on. To mark theon today First Anniversary of the Boston Marathon bombings. Family members of the First Responders and victims are throughoutnts the day. A moment of silence observed at 2 49 this afternoon. Blast killed three people and injured others. In the aftermath of the bombing, the city beefed up its security with Artificial Intelligence. A system called eyesight. The software is already in place in chicago, San Francisco and washington. The Company Behind it claims it is so effective, it can sometimes detect crime before it happens. I went to their houston headquarters to learn more. April 15th, 20. Boston is hit by not one, but two bombs during the marathon. Within weeks of the attack, Boston Police called the systems asking about a new type of crimefighting technology. We invented and developed an advanced Artificial IntelligenceVideo Surveillance software platform. Servicea former secret agent and now the president of brs. The companys technology, called eyesight, can analyze camera when itd send an alert spot something out of the ordinary. You can find things you never thought to look for. Of somebodyought driving a car backwards up to the entrance way. It is different than what usually sees. It tells itself what to look for. We went to see how it works at the Company Headquarters in houston. Lets put this to the test. We have a camera set up in the hallway behind you. You can walk up like a normal guy in the office. I walk up, hang out, nothing abnormal here. How do i set this thing up . Set this thing off . Steel the printer. Cities andrking with organizers of the world cup and amtrak trying to anticipate attacks before they happen. We can see people doing poking around where you shouldnt be, looking at the back and he does to buildings. It is like minority report. That is science fiction. We are recognizing a precursor pattern that may be associated with the crime. Intelligent Technology Comes privacy concerns. They have been criticized as being more big brother than a crime preventer. It is not our Technology Approach to collect any personally identifiable information that is not what our customers are using when they deploy our software. It has expanded tremendously since 9 11. 500 billion spent on Camera Security systems to seek out dangerous. It is clear the cameras are here to stay. Something much less. And yet, far more deadly than terrorism. Mosquitoes breading malaria. A Columbia University physicist has a new way to fight them. Check this out. Most deadlyhe creatures known to man. Were talking about the common mosquito. He is a hungarian astrophysicist by training. Today, he is less interested in deep space. We have a lot of them in their. And more focused on Shallow Water where he briefed thousands of mosquitoes. Youre an astrophysicist running a mosquito farm. After a close friend contracted malaria on a trip to uganda, he looked at how he could use his expertise to help eradicate the disease. One that killed half a Million People in 2012 alone. Behavior had another actually we can his team found their Navigation Systems were severely impaired by infrared lights. He was able to turn the insects away by creating an invisible infrared wall. He then got a milliondollar grant from the bill and Melinda Gates foundation. Has allowed him to visit tanzania to see how the technology might work in the field. Thereyre coming out of e . Is designed could work with a solar powered come infrared net. Uito harmless to humans, but disorienting to mosquitoes. Several challenges still remain. If that is not stopping them. I have four children. Maybe two of them will die for mosquitoes. I decided i should use my expertise to do something practical. Something useful as a service to the community. How is this for innovation . Meat made from vegetables. Sound strange . Not to bill gates. The company is investing in. Coming up in eads. In sports, why the Tour De France is not french this year. We speak to the director of the famous race, coming up. This is lunch money on Bloomberg Television. Also streaming live everywhere. Online, on your phone, tablet, even apple tv and now amazon fire tv. In sports, you have to be tough. Mentally, physically cal ripken junior was known as the iron man. Now, he is bringing that famous persistence to his new company. You wake up, come out and nobody would be there. Just getting things ready. Retirement is funny. When you retire from baseball at 41, people thought i would stay in my pajamas and play golf. I was a little timid and had that when it first came out of baseball. I have learned that you have to stay important division is what drives the company. If you want to build fenway, you build it for a long time. We started designing complexes. We had specific ideas. Many people would call and ask us for help. In order to have a really good team to win at the highest level, it is paramount to be a replaceable. To be a irreplaceable. You have to know the managers and the rest of the team. Its always an opportunity to learn. He learned from that and then apply to the next age to become a better person. Theres nothing like applying it to something you love. Thats what drives me. Its what makes me come to the ballpark every day with enthusiasm. Its the sense of work that im lookinth that im looking for. Cruz here are his rules for brand building. I would like to think of myself as a brand first. Whichembodies the athlete embodies everything else. I like to look at myself as a walking brand. Im so fortunate to grow up five. Iles from Giants Stadium coul i love everything new york entails. At grid, the culture is perfect for my brand. The one person i would want to emulate my brand would be garrett judah. He has been able to stay new york and do things that people love him here. Jeter. Ld be derek im never the guy that would say no. Someoneayz there as that can pick up the phone and chewed a text message to and talk to, that is always good. A good job of knowing you as a person. Growing up, everything was nike. If you didnt have a pair of nikes, you werent the cool guy on the block. Nike was always a part of my culture. It was embedded in me. It naturally became part of my brand. Do this all for them. It is cool. Myselfed this brand for to walk into the Grocery Store and they are like, can you do the dance for me . Right here, right now . It was something that was preplanned but i did not think it would go this far. I can do it. The worlds most famous cycling races taking place in a few months. It is the Tour De France. This year, it is the tour do something else. This will be the 101st tour. This year, it is beginning right here in the united kingdom. Why . That is a question we can put to the director of the Tour De France to joins us right now. Thanks for being here. Back ofjumping on the the success that cycling had here with the olympics . It was unforgettable. It was a huge crowd. We were sure we would be back full beers after. We decided we had to come back as soon as possible and we are here in 2014. How is the business of the Tour De France . Particularly after the departure of Lance Armstrong. Where do things stand . The tour is very different from all the other races. Have 250 bids on the tour. It is really different. Not only a sport. Is there more money in professional cycling now or less since armstrong left . I have no answer in terms of cycling. It is difficult. Ethical issues aside, do you miss Lance Armstrong and the star factor that he brought to cycling . Specialrong was a character. He will stay this character. We love to look at the future. That is most important. Cycling is very tough. Im very confident for the future. Fr the latest inaight cuttingedge kitchens. If youren needs, into hightech and home cooking, we have your next musthave. This thing will cost you. I am the manager for it is are paying to be something beautiful. At the same time, something functional. You can have multiple things. A lot of things together. You have a washing machine this is the kitchen. At the heart of the house. The life comes from the kitchen. In italian culture, the mother for the children. It is where you grow as a family. The range of the price is 45,000 60,000. You need innovative food. Bill gates is an investor. The texture and taste of beef and chicken is applied to consumers in all plantbased protein. There are 4 drivers. The first is human health. Diabetes, Heart Disease or cancer. The second is Climate Change where scientists have attributed 45 of Greenhouse Gases to livestock. Then you look at natural resources. Animal welfare, or 66 billion animals per year are slaughtered. Consumers are beginning to get more and more aware of these factors. This asre describing plantbased peer and why not just eat plants and get your protein from yogurt and eggs . Cale doesnt taste like a cheeseburger. Love this subject. Meat is so important to us and who we are as people. It is why we are the way we are. I think the thought that we are going to go back to just eating plants is not the right one. The way to think about it is, meat is made up of five things. Protein, fat, water and Trace Minerals and trace carbohydrates. All of those things are available in the plant kingdom. In case you missed it, here is this mornings lunar eclipse. That is quite a view. On 56 pastoming up the hour. That means Bloomberg Television is on the markets. Im julie hyman. Its look at where stocks stand halfway through the session. Declines across the board as stocks resume the pullback we have seen recently, particularly in those beta names. Part of this has to do with what has been going on in ukraine as tensions once again speed up. People are selling stocks and looking for where they perceive things need to be in treasuries. The yield on the 30 year in particular pushed down to its lowest in nine months as people buy up treasuries. The yield on the 30 year now at 3. 44 . With todays action could mean for fed policy. We got an inflation number today. Adam johnson is joining us with todays insight and action. Consumer prices ticked up higher but dont celebrate yet. Lets show you where we are on Consumer Price index is. You see that tiny move we got here today gekko that is where we are. Target is at two percent. You can see what has been happening generally. We have been trending lower. You actually want a bit of it says thatause there is pricing power. You need to see more of that in order to feel like there is growing in the economy. The u. S. Is not alone in its situation right now. From the u k, lowest inflation in 4. 5 years. In japan, population contracts for the third year in a row. In china, total lending falls 19 . Thats a bit of a concern. Low growth you will have lower rates for a long time. If you are a retiree, that is a problem. It is difficult to find income. Today, we have five ideas for you. Heres where you go to find income in a low rate environment. Atidend stocks the old 3. 3 . Up three percent. All five of these income related etfs are up this year. Bonds, hyg, we talk about that a lot. Very income oriented Type Companies there. Mlp is the ticker. The key is, they all have fields. They all have returns. Rates might be staying lower for longer because of low inflation around. You can still find income. Thanks so much, adam. We appreciate it. Jackanie ruhle spoke to about the importance of paying someone else to manage your money. Divesting on his own is lang a fools game. He might win or lose a little bit. In the long run, he is destined to lose for no other reason that the small investor investing on his own or her own is much too much trading. Trading is your enemy. It will drag up transaction costs against a return. We should note, it is in his interest to say that. That is his core business. We want to highlight one individual stock three. Cocacola. Shares of the worlds biggest soda maker are searching by the most in almost a year. Posting firstquarter earnings in line with estimates. Goebel sales volume rose by 2 in the fourth quarter. We will be back in 30 minutes. Live from pier three in San Francisco, welcome to bloomberg west where we cover innovation in the future of technology. Google blast oneday sale. They make hightech available today only to the general public. Will they be a hit . Jerry bruckheimer joins us to talk about sequels he has in the works to hits like top gun and Beverly Hills cops. First, check of the top