Communist and other left wing parties who put enormous pressure in their parliaments and so on to target monopolies that are basically ripping everybody off so thats why they have more of a movement having said that being more into taxing big corporations in america isnt saying very much unfortunately so yeah the europeans are ahead of us but theres a lot of wheeling and dealing behind the scenes that goes on and there is a serious risk that the europeans in order to placate their own people will give a little slap on the wrist to these big corporations but whether theyll go further and really deal with the problem thats a little more of a question on one issue however they will go further they are furious that big corporations can pick and choose in europe which scum tree to locate in for example. Many have gone to ireland because the irish have a very low corporate profit rate so they get the pay low rates it whichever country has the lowest 1. 00 so the countries compete with one an
O. E. C. D. Would address the problem of corporations exploiting official locations of licenses or patents to lower or totally evade taxes followers of big tech reporting noted the inclusion among the proposals of some from u. S. Delegates as well as targeting companies outside the u. S. Dominant tech sector those 2 developments were taken to signs that the proposal may be likely to receive an official green light from the new from the United States the u. S. And the European Union have been clashing recently over whether and how to rein in the big names from the u. S. Amazon facebook and google among others. Joining us now to give us a handle on the economic events of the day is professor Richard Wolfe Professor Emeritus of economics at the university of massachusetts amherst and the author of democracy at work a cure for capitalism welcome back professor wolfe and 1st on this tax avoidance tax avoidance push by the o. E. C. D. Does it go far enough in your view is it likely to have.
Does it go far enough in your view is it likely to happen and how does this push compared to u. S. Action on reining in big tax in terms of taxes. But let me go in there the reverse order the europeans have consistently been ahead of the United States and trying to do something about the monopolies as they see it operated by the High Tech Companies in the world who work very hard to corner particular technologies that they can then sell out of inflated price because theyre the only producer who develop their technology precisely to produce things that others wont have for a while so theyll be the only seller and can therefore get but not believe price and the reason is not far to look in europe you have a much more powerful Labor Movement and in this country you have strong socialist communist and other left wing parties who put enormous pressure in their. Armaments and so on to target monopolies that are basically ripping everybody off so thats why they have to have more of a movement
Their concerns over chief armstrongs firing. And as festival goers were leaving outside lands, a traffic jam was created with crews cars stalling on the roads. Were going to be live with a look at the frustration from residents just days after those selfdriving cars got approved in San Francisco from ktvu fox two news, this is mornings on two. And good morning to you. Welcome to mornings on two. It is sunday august 13th. Im Claudine Wong. Super foggy sunday that is. Im james torres. It is just a couple of minutes after 7 00 this morning. We have rosemary oroczo here to talk a little bit about what weather might look like today. Rosemary. Oh, its going to be hot and hot. Yes. And we have everything across the board. We have a little bit of drizzle and fog at Half Moon Bay. We have some more level moisture out there for today, which means its going to feel a bit muggy for some. And weve got the sunshine up this morning. So temperatures ranging from upper 60s at the coast to upper 90s inl
This is one of the main shelters where people are also bringing a lot of donations. I want you to take a look at this line because it has been like this all day long. These are people who who are coming by to drop off water to drop off toiletries, you know, paper towels, anything thats needed, nonperishable food. And the red cross has set up the shelter here at the war memorial gym. This is where a lot of the people who lost everything in that devastating fire are coming here. As you know, youve seen all of those images. This region has been devastated. Those whove witnessed the destruction, they say it was just a raging inferno and we have two people here who actually survived, had to run for their lives. Joanne, describe what happened. It was Like Star Wars flashing fire. It sounded like a giant blow torch. And youre running from that. And we had to run in the ocean because we were starting on fire and were in the ocean probably like eight hours getting fighting the water, getting pu