Transcripts For BBCNEWS BBC News 20240710

Card image cap

Hello and welcome to the programme. Its being called an Historic Agreement, that could see global governments make billions more in tax revenue. The deal made by the G7 Group of leading economies could shake up the Tax System for multinational companies, like big tech giants. It could include a global Minimum Rate of 15 to avoid countries undercutting each other. Amazon, google, and facebook have welcomed the move. Heres our Economics Editor faisal islam. Multinational companies, especially the big tech giants, have become more powerful than some governments, especially in their ability to pay minimal tax bills. Today, the Finance Ministers of the seven leading economies, the g7, hit back with an historic deal brokered by the chancellor rishi sunak. Im delighted to announce that today after years of discussion, G7 Finance ministers have reached a Historic Agreement to reform the global Tax System, to make It Fit for the global digital age but crucially to make sure it is fair, so that the right companies pay the right tax in the right places. They agreed to the principle of a global minimum Corporation Tax of at least 15 . As well as rules to make the largest companies with profits of more than 10 pay more tax in countries where sales are made, notjust where they declare their profits. The us had initially wanted a higher Minimum Rate of 21 . What do you say to those campaigners who say 15 isnt really going to be the Transformative Change . We have yet to set the final rate. There is an agreement amongst the g7, though, to go for at least 15 , and i do think that is an historic achievement. Foryears, campaigners and European Finance ministers wanted this change but it was unthinkable, up until a few months ago. Its the pandemic that has changed things, requiring Finance Ministers around the world to have to fill coffers emptied by a year of lockdowns, but also a change in the american government, as well, creating a window of opportunity. Now, they need to get the rest of the world on board. The proposals must now go to the wider G20 Group including china, russia and brazil, and then the rest of the world. The german Finance Minister hailed today as an important step, even if difficult conversations lay ahead with countries whose Tax Rates are below 15 . Im sure that the decision that has been made today will be very successful. This is a train that has already started and anyone willjoin the train. Irelands rate of Corporation Tax is 12. 5 . Isnt this notjust about a corporate Tax Rate but the end of a low Tax Business Model for your Country . We will, even with an acknowledgement of the change that is coming, continue to have the kind of legitimate policies in place in ireland that deliver a competitive approach for ireland and allow us to grow and retain employment. Google and amazon have said they support the work being done to Reform Tax rules. So has facebook, which acknowledged it could end up paying more as a result. This deal is a product of very different times. An opportunity taken in a crisis by the worlds big seven. The americans are also using this meeting to urge the rest of the world, despite worries about higher borrowing and rising inflation, to carry on pumping financial support into the Recovery Or Risk undermining it. Faisal islam, Bbc News, at the g7. Earlier i spoke to stephaniejohnston, chief correspondent for tax Notes Today which is a News Service for tax professionals. I asked her how significant she thought this agreement is. It sort of depends on who you ask. Landmark in the fact that countries are able, the seven largest economies are able to agree on something so major, but its not the final word, lets just say this. Because, you know, this plan still needs to go to 139 countries for considerations, for further tweaks. And then to the g20 Finance Ministers for them to agree this plan. So still hoops to jump through, but how likely do you think something approximating what weve heard about today will actually come into force . Political agreement i think is very likelyjust because this project has gone on for so long and the issue and stakes are so high. This problem, these problems that this agreement is trying to address have been going on for years and decades. You know, countries agree a change is needed to the international tax corporation, to the international system. Multinationals also agree that change is needed and countries need a way to not only raise revenues, but also stabilise the Tax System, which is very badly needed. 0k, critics of this say it doesnt go far enough, having this, for example, 15 minimum Tax Rate, itsjust too low for some people . Right, that is a big sticking point, ithink. But i think we also have to really recognise, take a step back and think, these are major corporations and major economies talking about global minimum taxation which is really unthinkable say a decade ago. I started this job about ten years ago and to think that countries can even get to some agreement on the Taxation Regime and a reallocation of profits among countries, that was unthinkable decades ago. I see it as a step toward a broader change. Thats really good to hear, important to keep that context in mind. And with that in mind still, theres a lot of cynicism from people saying, actually, these big companies, they have an army of people behind them trying to find the most tax efficient arrangements for them and that will continue . Well, generally speaking, you can assume rules are meant to be, not broken, but bent. I mean, i would guess that companies. Lets just say, there will be plenty of work available for Tax Lawyers and tax journalists. A Health Boss in england says the decision on easing restrictions on the 21st Ofjune is finely balanced. Chris hopson warned that the Delta Variant, first discovered in india, is still spreading but he said vaccines appear to be breaking the link between coronavirus cases and serious illness. Our Health Correspondent Naomi Grimley reports. Its the Big Question of the summer. Can hospitals still cope with the numbers of people who will fall seriously ill with Covid I9 before the full effects of Mass Vaccination are felt . Hospital admissions are well below the levels we saw in winter. And today one of those representing Health Trusts appeared to strike an optimistic note. It does look as though the vaccines have kind of Broken The Chain between catching Covid I9 and potentially being very, very seriously ill and potentially dying. Bolton is the area hit hardest by covids more transmissible Delta Variant, first discovered in india. Looking at whats happening in hospitals is a gauge to whether the nhs in general will be able to cope. This graph shows the number of Covid Patients in boltons hospitals over the last few months. You can see there are high peaks in november and again in january and february. In the last few weeks, the figures have been rising again but they are nothing like those earlier peaks. But new Case Numbers are rising noticeably as we mix more and some experts fear the Delta Variant could take hold in groups which havent yet been fully vaccinated. More mutations could be incorporated into the Delta Variant that could mean that vaccines are less effective and thats really what we want to avoid. The worst Case Scenario for us is a variant that is both more transmissible and resistant to vaccination. Opinions in the scientific community remains split. Perhaps the only Thing Everyone can agree on is that more data is needed. Naomi grimley, Bbc News. The Indian Capital Delhi has announced a gradual lifting of covid restrictions, weeks after being ravaged by a second wave. Markets and malls will partially reopen from monday. Despite the move, officials are still warning the Country to prepare for a third wave of coronavirus. The Secretary General of the United Nations, antonio guterres, has expressed outrage at the killing of a large number of civilians in Burkina Faso. Suspected jihadist militants struck the north Eastern Village of solhan in the Sahel Region of the Country. 132 people, including children were killed when homes and a market were targeted. Burkina faso� s Rtb Television announced the Governments Decision to hold three days of national mourning. Islamist extremists have carried out a series of attacks in Burkina Faso and neighbouring countries in the sahel and more than 350,000 citizens have been forced from their homes in the past three years. Western diplomats in nigeria have expressed disappointment at the Governments Decision to suspend twitter. A joint statement from the us, eu, britain, canada and ireland said the right to free Expression And Information was a pillar of democracy in nigeria. The row started after twitter removed a tweet by nigerias president Muhammadu Buhari saying it breached the social Media Platforms rules the governemnt accuses the social Media Platform of undermining nigerias corporate existence. Mayeni jones reports. On saturday morning, Twitter Users in nigeria woke up to find that they no longer had access to their accounts. Thats using most mobile phone networks. 0n wi fi, you could still access the website and the hashtag Thank God For Vpn has been trending, suggesting many users have managed to find a way to use the website by using virtual private networks. The nigerian government had announced on friday that it had planned to suspend all of twitter� s activities in the Country. At the time it was unclear what they meant by that. It seems they have now decided to block access to the website. Telecoms companies that operate in nigeria released a Statement Saying that they had received a directive from the government to suspend twitter and that they had complied, but they did say that they followed the United Nations provisions on freedom of communication and that they agreed with those. Twitter users in nigeria have been very angry. They say this is undemocratic. Nigeria is africas largest democracy and many see this as a step backwards for the Country. Many also pointing out to the fact that president buhari was a Military Dictator in this Country in the � 80s and they see this latest move as a continuation of that legacy. Twitter has issued a statement, as they say they are deeply concerned by the suspension of their services in nigeria and say they will work towards reinstating a service for its users here. There are about 150 Million Internet Users in nigeria and according to the authorities here just over 60 of those use twitter, so it is a huge market for the social media company. It will be really desperate to try and rebuild relationships with the government. For a little bit of context, this has happened because twitter deleted a post by president buhari earlier this week. They said it breached its rules in that post. Many nigerian users flagged it because they felt it was a threat to a secessionist movement in the South East of nigeria. This is Bbc News a reminder of the headlines G7 Finance ministers say their agreement to reform the global Tax System will help end a � race to the bottom on Taxation And Help fund the economic recovery. The head of nhs providers in england says coronavirus vaccines appears to have broken the link between cases and serious illness. A us federaljudge has overturned California S 32 year old ban on Assault Weapons, calling it unconstitutional. He s given the state thirty days to appeal against his decision. California s governor condemned the ruling saying it is a direct threat to public safety. Robyn thomas, executive director of Giffords Law Center to prevent gun violence, told us she expected the case may go to the us Supreme Court. I certainly expect that gun rights advocates, the Gun Lobby and the gun industry, who would love to be selling many more Assault Weapons to many more americans, would like it to go to the Supreme Court because they will do anything they can to convince people to buy these guns. This is what drives a lot of the momentum behind this litigation, is the desire to sell more guns and to encourage americans that they need these very, very lethal weapons in order to be safe. When in fact, having these kind of weapons on our streets endangers the safety, notjust of our communities, but of your own family. Many, many of these mass shootings that happen in our society happen because of unsecured Assault Weapons left in the home, like the sandy hook shooting. Lets take a look at some of the other stories making the news. Kurdish officials in Northern Iraq say at least three people have been killed in a turkish Air Strike on a camp for displaced people. We are having some technical gremlins, so i will bring you some of the stories before we get to our guest. Kurdish officials in Northern Iraq say at least three people have been killed in a turkish Air Strike on a camp for displaced people. The strike on the makhmour camp, Housing Kurdish Refugees from turkey, comes three days after President Recep Tayyip erdogan warned that turkey would Clean Up the camp, which it claims provides a haven for kurdish militants. Thousands of people have marched through budapest to protest against controversial plans to open a multi million Dollar Chinese University Campus in the hungarian capital. They say the project will undercut the Countrys own higher education, and increase the influence of chinas communist authorities. The right Wing Government of Viktor 0rban has close ties with beijing. Now with just a month and a half before the olympics this summer, jamaicas two time olympic champion shelly Ann Fraser Pryce has become the second fastest woman in history, after Running 100m injust 10. 63 seconds. Ms Fraser Pryce beat the 10. 72 seconds run by Shacarri Richardson earlier this year, and is second only to Florence Griffith Joyner who has held the World Record since 1988. Johanna gretschel is a Sports Journalist and long Distance Runner herself and joins me now from texas. Thank you for coming on the programme. Thank you for coming on the programme thank you for coming on the rouramme. , ~ i. Programme. Thank you so much for having programme. Thank you so much for having me. Programme. Thank you so much for having me. This programme. Thank you so much for having me. This seems programme. Thank you so much for having me. This seems like i for having me. This seems like a re for having me. This seems like a pretty significant a pretty significant achievement, what do you make of it . , of it . Incredible, 10. 63, we havent seen of it . Incredible, 10. 63, we havent seen a of it . Incredible, 10. 63, we havent seen a time of it . Incredible, 10. 63, we havent seen a time like of it . Incredible, 10. 63, we| havent seen a time like this in nearly 33 years and the fastest anyone has run this year is 10. 72. To take the leading time down by that much is definitely Something Nobody saw coming. Itjust bodes really well. Saw coming. It ust bodes really well. Saw coming. It ust bodes really well. Saw coming. It ust bodes reall well. ,. ,. , really well. Given her age, how unexpected really well. Given her age, how unexpected is really well. Given her age, how unexpected is this . Really well. Given her age, how unexpected is this . 0k, unexpected is this . 0k, shellyann unexpected is this . 0k, shellyann is unexpected is this . 0k, shellyann is 34 unexpected is this . 0k, shellyann is 34 years | unexpected is this . Ok, i shellyann is 34 years old, unexpected is this . Ok, Shelly Ann is 34 years old, so a little bit more advanced than your typical elite athlete. She is part of a larger trend where we are seeing women not being able to continue their athletic careers into their late 30s. And something we havent mentioned yet but i am sure we will get to, she also recently had a child a couple of years ago and was already able to come back from childbirth in 2019 and when the world championships in the 100 has from that and was able to change her colloquial nickname from the Pocket Rockets which she is really short, she is five feet tall, to the mummy rockets. When women go through childbirth and are able to make thatjump back into athletic fitness, they are also able to gain some unprecedented athletic gains and inner strength that wasnt there before. At 34, she is a bit more advanced in age than your typical elite athlete, but i think it is a larger trend that we will see, especially at this 0lympic we will see, especially at this olympic games, because it was delayed for a year because of the pandemic so many athletes he would have retired last year have been able to stay in the game and prolong the career. Just briefly, what are her chances . Just briefly, what are her chances . , ~ , chances . Shellyann is the favourite. Chances . Shellyann is the favourite. There chances . Shellyann is the favourite. There has chances . Shellyann is the favourite. There has been l chances . Shellyann is the i favourite. There has been talk about the young american, Shacarri Richardson, who came out blazing this year. 10. 63, Shelly Ann is definitely cementing her status as the favour. ~ ,. , cementing her status as the favour. , ~ ,. , cementing her status as the favour. , ~. Favour. Thank you so much, ureat favour. Thank you so much, great to favour. Thank you so much, great to have favour. Thank you so much, great to have you favour. Thank you so much, great to have you on. Favour. Thank you so much, j great to have you on. Thank ou. Dozens of people are facing fines for taking Beach Sand and shells from the italian island of sardinia where its illegal to remove the islands natural resources. Authorities there say the investigation is ongoing so far, 41 people are facing fines of up to 3,600 us dollars each. 0ur News Reporter Courtney bembridge has the details. They are looking for tourists who may be unwittingly or on purpose flouting these local laws which restrict people taking pebbles from the beach, any Beach Sand. Sardinia is famous for its pristine, white sand and people have been taking it away. Each summer they put this operation in place to stop this practice and stop people taking it home with them. Why are people taking sand from a beach. You may remember holidays, that thing we used to do . People want a souvenir of these trips are what they would do is finish an empty water bottle, fill it up with sand. Customs officials are Finding X Rays to find these things in luggage. There was one french couple in 2019, they were found that 40 kilograms of sand in the back of their car. They said they had no idea it was illegal, but they were facing a penalty at the time of up to six years in jail. It is taken very seriously and the fine is up to 3600 Us Dollars and 41 people have been caught in this latest operation and they are trawlling the website where the bottles of sand are getting high prices. I can understand it is one thing taking a bit of sand, i dont know why you would do it, but you take it to remind yourself of a holiday, but you will saying there is a market for the sand . Yes, there is a market online and the authorities are saying you are getting very high prices for the sand. My guess when you outlaw something its value increases. There is a Black Market for sand, pebbles and rocks. But the locals are sick of it and they have been complaining for years that the beaches are being degraded by this practice and they have set up their own system where they get this sand and once it has been confiscated from taurus, they return it to the specific beach came from. So they are using a Facebook Group called sardinia robbed and plundered. A Cruise Ship has left venice the first to do so since the Coronavirus Pandemic began. While people are keen to get back to normality, not everyone was happy about the ship entering that you canal. Rachel stanton reports. No big ships. That is what is on the flags being raised here in venice. People have taken to the streets and waters, as they are concerned about the impact ships have on the historic city. Back in march this year, Italys Government said Cruise Ships would no longer sail past venices st marks square and the dock in the historic centre, but would instead be diverted to the citys industrial port. However, the infrastructure is not yet in place for this to happen. This is the msc 0rchestra. Its set to cruise around the mediterranean with about 650 passengers. But residents in venice have been urging the government to ban large ships from the lagoon over safety and environmental concerns. The reason we are here is because we are citizens of venice and we are against this passage, but we are also against this type of Tourism Model that is destroying the city and is pushing out residents and people that want to live here. A Rival Protest also took place in support of the resumption of the tourist season. Many have suffered financially as well as losing their livelihoods. In the last two decades, the picturesque city has become one of the worlds most important cruise destinations, and people are keen for things to get back on track. Venice is a home port. This is where many itineraries begin or end, and this means two things, first that the economic impact in venice is huge. The other thing is that, well, basically, there is a risk that if venice is taken off the itineraries, all of the adriatic will suffer the consequences of this, so yeah, it would be a huge impact. The battle to stop large vessels from being in these waters is far from over. The government said it is organising bids for a Rival Alternative outside the lagoon, relieving the traffic through venice. Its reaching that time in the bulletin where we take the opportunity to show you pictures of some cute animals. This time the animals in question are five Wolf Cubs who made their public debut at a zoo in mexico city. The cubs, who are said to be in good health, are part of a Breeding Programme thats kept the species alive. A reminder of our top story. Theres been a mixed reaction to a Landmark Deal reached by the G7 Group of advanced economies to make multinational companies pay more tax in the countries where they do business. Finance ministers, meeting in london, agreed to a global minimum corporate Tax Rate of 15 . Facebook said it wanted the reform to succeed, even if it pays more tax. Amazon also welcomed the move. I will be back with the headlines in a couple of minutes. Plenty online. You can reach me on twitter im lvaughanjones iam i am Lewis Vaughan jones and this is Bbc News. Hello. The weather on sunday is going to be a little hit and miss, particularly across england. You are likely to have a lot more cloud around compared to saturday and there will be a few showers around, too. But across scotland and Northern Ireland i think it is a case of Sunshine Right from the word go. Now on the satellite picture, you can notice this little lump of cloud drifting out of the south west. Its a weak weather front, its actuallyjoining a big area of low pressure to the north but that will bring some showers to parts of wales and england from morning onwards. So this is what it looks like through the early hours, you can see some rain affecting parts of devon, dorset into wales and the midlands, a stray shower in the north of scotland. But generally speaking, its a clear night in scotland, Northern Ireland, probably the Lake District as well. But many of us in england and wales will be waking up to overcast skies and it could actually stay like that through the afternoon as well. But i think the biggest chance of catching some heavier showers further south into the midlands, but also around wales and east anglia. The best of the weather on sunday Northern Ireland, scotland, the Lake District should be fine, but modest highs here, 16 to 18. In the south, despite the cloud and the showers will still manage around 21 also in london. This is Bbc News, the headlines. The G7 Group of advanced economies have reached a deal to make multinational companies pay more tax in the countries where they do business. Finance ministers meeting in london agreed to a global minimum corporate Tax Rate of 15 to avoid countries undercutting each other. A senior Nhs Official says the Uk Vaccination programme appears to have broken the link between cases of covid 19 and serious illness or death. The head of nhs providers says people in hospital with the Delta Variant of coronavirus are significantly younger which puts less strain on critical care. The nigerian government has defended its decision to suspend twitter saying the social Media Platform had been used to spread misinformation that had violent consequences. A joint statement from the us, the eu, britain, canada and ireland said the right to free expression was a pillar of democracy

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.