The eu plans a shake up of the system to make the likes of google and apple pay theirfair share. But will ireland play ball . Plus hacked off. Russian Cyber Security billionaire Eugene Kaspersky hits back after the Us Government bans his products as a threat to national security. We have an exclusive interview. Welcome to World Business report. In a minute, bitcoin slumps further after an exchange in china stops trading without giving a reason. Well have the details from our asia team. We start in the estonian capital tallinn where European Union finance ministers are gathering for a meeting this weekend. Top of the agenda plans for a shake up of the way huge tech firms, the likes of google, facebook, apple and amazon, pay taxes. The giants of the so called Digital Economy have faced huge criticism in europe forfailing to pay what some see as their fair share of tax. So whats being proposed . Well the plan is to make the Companies Pay tax wherever in the eu they make money, notjust whe
Wall street puts its doubts aside as the dowjones finally hits 20,000. Plus, tax wars. Can Brexit Britain and trumps us beat the likes of ireland at their own game and lure back the multinationals and their billions . Welcome to World Business report. Im sally bundock. We will be checking how markets are doing in asia injust a moment. We start in the us where President Trump has been provoking more controversy over his plans to wall off mexico. Meanwhile, traders at the New York Stock Exchange are cheering the trump effect. Heres what they have been celebrating the Dow Jones Industrial average of top us shares ended here, finally closing above 20,000 points For The First Time in its isi year history. Its a huge psychological milestone for traders, the dow has now risen some 9. 5 since the election in november, one of its biggest rallies on record. It got within one point of 20,000 back on january sixth before nerves caused the rally to fizzle out. But since President Trumps inauguratio
Temperatures are off to a pretty mild to one start. Were talking about plenty of 60s. And that is what is contributing. Right now san mateo is as 63 degrees. As with all these numbers into the afternoon you was see that the temperatures will be pretty similar to where they were yesterday. It will be a bright and sunny afternoon. 84 degrees expected for pleasanton. Satellite and radar shows clouds over the bay area and we did have a system that was a pack of porscheimpactingf the bay area. We will not see any brain in the bay area but some of the tropical clouds will start to move and as we approached tuesday and wednesday. It will feel muggy over the next couple of days. Your extended forecasts shows that the temperatures will be warmer as we head into tomorrow. A dance you can expect this pattern to continue. In terms of traffic around the bay here is a live look at the approach to the bay bridge toll plaza. You will notice all the lanes are called off due to construction. This is ass
0h, oh, you are spinning again keeping me on my toes lets go and have a sit down. There we go. Right. Itell you and have a sit down. There we go. Right. I tell you what, lets pretend that didnt happen facebook founder and Ceo Mark Zuckerberg will be in brussels today where he will meet three european commissioners. While the meeting is not specifically about tax, dont be surprised if the question pops up. Mr zuckerberg is expected to back plans by think tank oecd to find a Global Solution to the problem. Facebook and others have been accused of not paying theirfair share of tax in countries where they operate. In the uk, facebook paid just 37. 2 million or £28. 5 million in Corporation Tax in 2018 despite generating a record 2. 15 billion or £1. 65 billion in british sales. Amazon, facebook and google have strained existing rules because they are able to book profits in low tax countries, like ireland, no matter where their customers are. The uk has planned to introduce its own Digit