Need to leave. Any comments on that. Steve, do you want to start . Sure, i can address that. I do not think shifting to a territorial system is right. The two problems that weve highlighted here are earning stripping and the deferred accumulated earnings of these controlled foreign corporations. If we shift to a territorial system in which a u. S. Company is only taxed on its u. S. Source income, and not taxed on its foreign income, there will be all the more incentive for multinationals to strip income from the u. S. Base and shift it abroad. Isnt that the first step and then you deal with all those issues let me finish my answer. So as part of any consideration of territorial, we need to address the earnings stripping issues that were discussing here. One of the observations professor shay made in his article, he wanted treasury to adopt regulations that could fold into tax reform and weve got to address earning stripping and we have to do it sensibly and i think we could fold that i
Tax rate of those companies to be reduced. And thats why were talking about this subject. So it appears that having a bow tie is not an indication of prof sor yal stature but tax planning. John, you started us off by talking about the fact that your view, this set of practices were a symptom of a larger set of drivers in the Corporate Tax structure and that ultimately and i think you wouldnt get any disagreement with anyone here we need to be addressing those larger drivers. But in the context of the current debate, first of all, can i ask you to ask would the measures that steve and steve have put on the table be effective and then we can go beyond that to say should treasury take it. Lets start with the effective. So the answer is i dont think so. But theres an overarching point before i get back into the weeds which is why are we trying to raise the bar so it will be harder for companies to leave the United States. Why arent we trying to do something to make it more attractive for t
He wanted to have women and his wife was getting in the way. Were police just plain wrong . Its like this Twilight Zone where lies become truth and the truth becomes lies. Reporter maybe the real killer was still out there. You have lied to the police about this case. Yes, sir. So devastating. We knew that that was probably the key to solving this. Thirteen years. Thirteen years of hell reporter such an awful crime. The wife. The little boy and girl. My kids are dead. Reporter shot at point blank range. I was just dumbfounded. I was shocked, what i saw. Reporter how to comprehend it . I said, what . What are you, what are you talking about . What are you saying . Reporter the husband had an alibi. Could he have slipped away for, say, ten minutes . He couldve done anything. But he didnt. Reporter 13 years. Three trials, appeals, reversals. And changing stories. The big picture here, charles, for a lot of people is it sounds like a crock. It doesnt pass the sniff test. Theres a lot of th
Trade deal with the e. U. , but protesters are not convinced. South korea expressed concern over the execution of the uncle of north koreas leader kim jong un. Jang songthaek was the secondmost powerful figure. North koreas official newsagency said he was put on trial for treason, and found guilty of trying to overthrow the state and take power for himself. Our correspondent joins me live. What has been the reaction to this in the region . North koreas neighbours are reeling from the shock of the announcement, trying to figure out what it means to them and their relationship with north korea. And trying to discern about what it says about a wider struggle. The striking thing for everybody watching north korea is the openness and the speed with which all of this unfolded the ousting of this man, and his dispatch, if you like. A man who was, until recently, considered the secondmost important person in north korea. His fall from grace absolute and for all the world to see. Photographs of
It is yet another fail for the party is trying offer a solution to serious conflict. American and Russian Diplomats meeting in geneva for five hours. The only thing they could agree on is talking some more. When it came time for the u. S. Special envoy to the region to address reporters, all he could do was expressed sympathy for syria. We are all very deeply aware of the immense suffering of the syrian people. It has gone on for far too long. We all stressed the need for a speedy end to the bloodshed, to the destruction, and also the violence in syria. We stress again that, in our view, there was no military solution to this conflict. The suffering of the people continues inside the country. Video uploaded by activists accuse apparently shows the government shelling a village. Al jazeera cannot confirm this. More under allied video from outside of the Northern City shows a government attack where rebel forces are blocking an oilfield. The government dropped phosphorus bombs. The rebel