Time for a look at the Business News now with tadhg enright. Luxmy gopal, thank you very much. We are going to talk about tax. A new report, funded by the european union, has found that the worlds super rich are still able to pay low rates of tax, despite decades of efforts to reduce evasion. The study says there are still too many loopholes and billionaires are able to pay less than 0. 5 of their wealth. The eu tax observatory, which is behind the report, is calling for a new global minimum tax on billionaires saying that if the richest 3,000 people in the world paid 2 , then it would raise 250 billion a year. Earlier, i spoke to Richard Murphy a Tax Reform Campaigner and professor of accounting practice, Sheffield University Management School and asked how feasible that would be. The good news in this report today is that a lot of measures that are being put in place which i campaigned for over the last 15 years are working. For example, tax havens are now causing one third of the ha
Feasible . The good news in this report today feasible . The good news in this report today is feasible . The good news in this report today is that feasible . The good news in this report today is that a feasible . The good news in this report today is that a lot feasible . The good news in this report today is that a lot of report today is that a lot of measures that are being put in place which i campaigned for over the last 15 years are working. For example, tax havens are now causing a third of the harm that they did and companies are paying more tax. But this report is right, the team that wrote it are correct, the wealthy are still getting away with paying much less tax than they should. Their claim is that that is because of the problems created by offshore. If im honest, im not completely convinced by that argument, they are arguing for this global minimum tax, and i see enormous problems in getting any form of agreement on it, and i was involved in negotiating that many of th
Which is the second economy of the country contributing nearly 9 of the countrys gdp so that gives you a context of why tamil nadu is important to the political establishment in terms of Policy Making as well. Weve also seen in the last several Many International brands have increased their footprint in the country of late and most one of the most important werai for manufacturers, foxconn which started Manufacturing Iphones in india so it is the added element as well. Political parties have always showcased before an investment that is, thatis before an investment that is, that is elections, and fire just pull out from tamil nadu and given the picture, there are total of 102 seats which are total of 102 seats which are going to pulse today, out of 143 so its important to understand that there are issues like unemployment uneducated in the youth struggling to getjobs, question is about public spending which is slowed and also, the fact that there has been pro inequality in the country
hiring and employers are sticking around more. you also in the last month have to remember that we saw the numbers boosted slightly because remember the auto workers who are members of the auto workers union and as well as the actors in hollywood, though strikes and it s that help to boost novembers numbers but i think this slowdown shows that you are still seeing a strong amount ofjob growth. remember by historical standards this is still a good number. but it is a slower rate but we have seen in the past and thatis but we have seen in the past and that is significant because the federal reserve, america s federal bank, has raised interest rates from zero in march 2021, 2022 to above 5% in a short order to try to tackle inflation. it is beginning to ease and i think people will look at this number to say if we see a slowdown injob number to say if we see a slowdown in job growth may number to say if we see a slowdown injob growth may be number to say if we see a slowdown in