Important Economic News of the day into 127 minute broadcast we got to keep it moving lets go. Surprising return for a major antitrust regulator at a time of increasing scrutiny for big tack leads our global report today as margret of the us together is nominated for a 2nd 5 year term as competition commissioner of the European Union the incoming president of the European Commission ursula bonn laden bonder laden has also slated to go for a new role as one of the 3 executive Vice President s of the commission allowing ms massacre to consolidate and expand her considerable influence over antitrust regulation most specifically Technology Ms besser has previously taken on the titans mostly us based that dominate our wired world the returning competition competition commissioner previously tangled with apple and forced ireland to claim 15000000000. 00 in taxes to recoup overly generous tax breaks to apple that ran afoul of. E. U. Rules as vested are also has imposed fines of nearly 1000000
A new role as one of the 3 executive Vice President s of the commission allowing ms vesting her to consolidate and expand her considerable influence over antitrust regulation most specifically Technology Ms besser has previously taken on the tech titans mostly us based that dominate our wired world the returning competition competition commissioner previously tangled with apple and forced ireland to claim 15000000000. 00 in taxes to recoup overly generous tax breaks to apple that ran afoul of e. U. Rules and its best to her also has imposed fines of nearly 10000000000. 00 against googles Parent Corporation alphabet her record of accomplishment at a time of growing global scrutiny a big tech may have won her a reheard renewed and enhanced role but that same record suggests she may soon openly clash with the trumpet ministration in the us which has pushed back hard on her efforts to rein in the industry giants. And here to help us dig into the future. A big check on both sides of the atl
Rogers this time well get his take on the global trade war and the future of the globalized economy all that the latest Economic Data points from china and the launch of amazon prime in brazil once again managed to fit all the important Economic News of the day into 127 minute broadcast we got to keep it moving lets go. A surprising return for a major antitrust regulator at a time of increasing scrutiny for big tac leads our global report today as margret of the us together is nominated for a 2nd 5 year term as competition commissioner of the European Union the incoming president of the European Commission ursula bonn laden bonder laden has also slated to go for a new role as one of the 3 executive Vice President s of the commission allowing ms massacre to consolidate and expand her considerable influence over antitrust regulation most specifically Technology Ms besser has previously taken on the tech titans mostly us based that dominate our wine. World the returning competition compet
Argument in a case involving the taxation of earnings de by americans from a foreign company. The ca focuses on an indiabased company with more than half of its ownership held by americans. It was brought forward by a plaintiff who objected to a clause in a 2017 change in tax law that would have required a onetime repatriation test. This is about two hours. The court squarely held us much just a few years following adoption of the amendment. The it is undpud that the petitioners realedothing froms are stock investment. They were taxed not because they have no income but because in 17hey happened to owe shares in a corporation carrying retained earnings on its bks this is a tax on the ownership of property and therefore must be apportioned. The government cannot identify a single thing congress could not tax income underts position that reazation is unnecessary. Thout realization there is no limiting principle. Excepting the governments position on income would make a hash of the curren
By americans. It w brought forward by a plaintiff who objected to a clause in a 2017 change in tax law that would have wired a repatriation tax. This is about two. The court squarely held us much just a few years foowg adoption of the amendment. The the presidt kes easy work of the case. It is undisputed the petiors realize nothing from their stock investment. They were taxed not because they had income but becse in 2017 they happened to own sharein corporation. This is a taxn e ownership of property. Dispensing with the need for realization, the framers regarded this as the essential chec on the power of congress to taxrorty. The government cannot identify a single thing congress could not tax its income under its position realization is unnecessary. Without realization there is no limiting principle. Accepting th government position on income would make a cap hash of the current law. Gateway defition of gross income asserts congresses taxing por der the 16th amendment roh reaching al