That the global minimum tabs at the higher rate would be a very powerful instrument to corporate tax avoidance. Some countries that benefit from Tax Competition have no interest in high group. I mean, does, it would become pointless for companies to book profit to move activities to low tax places to change the faith of renovation. The also on the Day Germany could say a victory for the far right this weekend, Vantu Migration Alternative for germany Partys Neck and neck. With chancellor michaels, conservatives, and a key state election. The i want to do one more week. We want our old ways back. We dont want to take anything away, a from any one. We just won back the country that existed before the wave of immigration velo loans. We want the old state of things the then the mission, the im for the welcome to the day where today we start with tax, before your eyes glaze over let me get britains Finance Minister, richie sumac, chancellor of the exchequer. To tell you what you already knew, this is important and heres why this bill did you feel like for me to rely on the was lost. Busy in the going i would just say the world will not Money Couldnt afford a decent microphone. Mister, sooner was speaking as the Finance Ministers of 7 of the worlds richest economies met in london to try and agree a worldwide minimum corporate Tax Rate. United states, a suggested 15 percent, regardless of where companies headquartered. So lets put that in context. Japan has the highest corporate Tax Rates at 31 percent followed by germany. And you can see thE U. S. And thE U. K. In the middle and the switzerland and ireland at the bottom island with the rate of just 12 and a Half Percent. Thats a key reason why firms like Facebook And Apple have chosen it as their european base. Well lets bring in the alex combo, whose chief executive of the Tax Justice Network Division Fellow at Kings College london. Welcome to t a w. So does the world need a world wide corporate Tax Rate . It really does, you know, this is about ending a process thats been going for for decades. 7, as richie soon next and really all the way back to 1900 twentys. This race to the bottom. A competition. Not for the place where the real activity takes place, but for the places where you can shift the profits. So you have your real activity in thE U. K, or france or germany, but you shift your profits into the netherlands or luxemburg ok. And you end up paying very little tax, its about interrupting that process and getting back on track with actually raising revenues to pay for the public services that we will need. So its all these countries, all these rich countries are losing so much money. Why havent they acted on this before . Thats a really good question. One of the problems in when the league of nations set these rules in the twenties and thirties, they were really the group of imperial powers. Now the equivalent nowadays is the only c d, a group of rich come trees in which the g 7 group of the most powerful countries really dominate. And theyre faced with a bit of a bit of a blind here. On the one hand, they want the revenues, and especially in the pandemic, they have the same needs as every other country to raise more revenues to pay for their public health systems and recovery process. But these are also the countries where most of the biggest multinational companies are headquartered. And in some ways these countries are kind of like some what is good for their multi nationals is good for them. And theyve ended up kind of supporting the system of tax haven, re of Profit Shifting in Tax Abuse that we reckon cost the world about 245000000000. 00 in last revenues every year. This is an attempt finally, to get back the risk lou is that the g 7 countrieS Do something that is good for the g 7 countries and not good for the rest of the world. And we need to make sure lower income countries as well. Getting a benefit from the, the reforms that are coming through. Okay. So i want is that comes out because on the face of it, it sounds great if everyone is paying 15 percent and no one gets to run away to our tax haven. But youve just picking up on that point, you think that this actually still favors the rich countries where the company is headquartered, rather than the poor countries where the work might actually be done. Yeah, it does. Look, you talked earlier about the statutory headline Tax Rates. If we look at somebody like the netherlands, the rate is 25 percent. Luxembourg, i think is 28 percent. Even island, 12 and a Half Percent is much higher than the effective rate that multi nationals actually pay in those countries. Often if they can shift their profits in, their only paying 12345 percent as an effective rate. So to begin with, a 15 percent effective rate, even though thats much lower than wed like, wed like it to be 25 percent up. But even 15 percent is much higher than the big multi nationals are paying. So that already puts something between 275. 00 and perhaps 460000000000. 00 of extra revenues on the table each year. But the 2nd question, as you say iS Distribution. Where does that go . The early c d, the, you know, this group of rich countries has brought forward a proposal under which almost all of the benefits all of the topping off of those on the Tax Profit would go to the headquarters countries. Now who all the headquarters countries for the biggest multi nationals, its the g 7 and some of the receipt members should the rest of the world would get very little. We think the g 7 alone, which is about 10 percent of the Worlds Population would get more than 60 percent of those additional revenues under the cd proposal. The alternative that we put forward and has a lot of support, i think from groups of lower income countries in particular, is to say, will work out thE Under Tax Profit. And then well share it. Not with the headquarters countries only, but instead well, well share it with the countries where the real activity takes place. Sure. Where the multi nationals have their employees and where they make their sales. And if you do it that way, suddenly youre talking about a benefit. Pretty much for everyone. Something between 10 and 30 percent of public health budgets in additional reffing runs for countries all income levels, new tax could be so interesting, Alex Cover from the Tax Justice Network. Thank you so much. Oh, here in germany, chance the medicals. Routing conservatives could be facing a fall, right, upset in Case State elections on sunday, calls in the eastern state of faxing and how to show the conservative cd you running Neck And Neck with the far right alternative for germany. Its a key test for c to u. Lita and Chancellor Candidate Arm in last. Sundays pole is the last regional vote before the general election on the 26th of september, the 1st in 16 years. That wont feature. Im going to america. Have timbered houses near low Street Cleveland Book is famous for its old town, but with very few tourists visiting doing the pandemic wheatland. Both of us have turned their attention to thE Upcoming state election. The far right a iF D is said to gain a quarter of the vote. And its moving wants to go to the State Parliament for kaitlin book. Hes complaining with slogans like get your country that covers the i want to give to we go, we want our old ways back. We dont want to take anything away from anyone. We just one fact the country that existed before the wave of immigration velo loans. We want the old state of things. Then the mission of the stokes and the migration sentiment, even though just 3 percent of the city residents are immigrants. Some see the a, f, d as a threat to democracy, the Party Branch here and sex and the god is accused of being at least partly extremist. And it is on the civilians by the german intelligence. And this varies under as moving. He is evidently monitoring each and every opinion poll. Hello, this is for me, one of the most exciting elections since the real and cation of germany, known to me. I am stunned that we have 24 percent of the voters and we arent even asking ourselves how that came to be. The frog nice boy will have contest clue, says the a S D promises simple solutions to complex problems. He worries that the F D could contribute to the exclusion of people with disabilities for example. And he is a professional caregiver for them to even send a letter to sex and the city state premier, demanding that the distance itself more clearly from the speak to. Because when i see off the door, they discuss the valueS Differently than the i S D in a way you can identify with it. Its a christian view of humanity and youre not making it clear enough that they will not cooperate with the script. We spoke to a c, d u State Parliamentarian, 2 years ago he was supposedly open to working with the a F D. But now hes ruling that out oF Dee dees, not a serious partner because it has a very radical profile and 6 and the and the State Parliament over the last few years. The a f. D has also shown that it doesnt have the skills required to take on the responsibility of governing so far. Angle america, c, d, u has categorically rules. Im collaborating with the a F D. That the question is, will it stick to its worth after the election . Even a, b, c, d, you need the if the to stay in power. Many created and book us eagerly anticipating the 1st projections on sunday evening. The Collection Result will also affect the politics will be on sex and thE Unhappy board. The germany has officially acknowledged that it committed genocide during its colonial occupation of namibia and then adds the financial settlement to some 1100000000 euros. That money is to be spent over the next 30 years on Infrastructure Health Care and training programs to benefit the herrera a number communities who suffered under german exploitation. But many of their representatives arE Unhappy with the deal under protesting. The w correspondent, utter increased reports. This is an emotional place for many heroes in the village of g naina. They call this 3000 April Hundreds of hero prisoners of war, where Hang Tear by german troops. Just go through the nic and they hang them. Sadness. Certainly anger. Yes, no, not a human being could actually be doing this for what reason for the reason that all on sisters simply stood up in the fuse to givE Up what belong to them, namely violette, more than 100 years ago, german soldiers killed almost 100000 Hero And Nama and the former colony of german south, west africa, in 1900 and for lot of fun towards her, gave the so called extermination order. It included women and children. Now germany wants to recognize this as a genocide and has pledged 1100000000 euros for development projects. Thats what the governments negotiated. Without record. Thats a deal between 2 governments. Our development aid. It has nothing to do with our demand for the parishes. They are fully us. We not force caro for my Attorney General and then maybe and his supporters are still considering legal action. But the previous attempts have already failed. And several, you escorts. Our Mon Sheep records say that he is representing 95 percent of the heroes in the country, but not everybody in that maybe sees it that way. We are on our way to the small town of cholera, 2 hours away by Com Year to the majority of the population as hero and their several traditional lead us the bottom on Shift Ship think is not in existence so you dont see them as the problem is not, is not that im not seeing, hes not the traditional leaders, he dont singular viewpoints, some support records, legal actions, others in favor of the deal negotiated by the government. Some of us, once a re negotiation, demanding more money for this poor region. Unfortunately, the negotiating did not come back to us to tell us how did the german government arrived at the because they have concluded. So im not yet of the opinion that i did to government should go ahead with the, with the agreement until the consensus with the effect in the Capital Vin took that gov, you were led negotiations for the 9000000 government for more than 5 years. The diplomat is also hero. We would like to have had more, but after 5, yes, it has been demonstrated says is what seems to them . Affordable, financially. Politically, that were has a list of 27 traditional chiefs of the hero. And now ma, when volved and the negotiations, and its someone who said, who said they dont accept. So you say the minority basically of that are people of course, who are thinking of their own name, ego story. So i think one Cant Worry about watch why not true friendships and follow us. Say, i want to go over the agreement and suppose to turn the page on a painful chapter of the past. But the paramount Chief Record and his supporters against it. They went reparation and negotiations of the today, mostly 32nd anniversary of Beijings Chairman square massacre. So lets look back at what happened on june the 4th, 1989 for several weeks leading up to that day the square had become a focal point for protests against economic hardship and corruption. Students also gathered to demand democratic rights and freedoms from the communist government. But by the 4th of july, chinese leaders sent in the troops to crush the demonstrations. Footage of alone, protest and confronting a line of tongues became one of the most enduring symbols of the violence. No one knows exactly how many people were killed, some say hundreds, others say thousands. So now all sources in Hong Kong have banned. Then you will vigil for victims for a 2nd year. This by this several 100 people did, gathered near Victoria Park in the city. Thousands of police were deployed and made multiple arrests. A light to remember lives last snapped out just moments later. The resistance of Hong Kong is proving more difficult to extinguish for 30 band and annual visuals for the victims of the 1989 Tiana Mon square massacre. For the 2nd year in a row, they cited close it safety restrictions, although other mass gatherings like concerts and football matches, have resumed, were once a constellation of candles lit up, the night now lies empty. Neither the ban nor the threat of a 5 Year Prison Sentence haS Deterred people from turning out in the streets. Hundreds carry License Or Shine lights from their mobile phones all day. So im hoping we will being very peaceful when we lease our candles to commemorate and they found your hotel, enjoy them because theyre accusing us of violating so many different laws. Its an abuse of their power to detain everyone and to silence. Everyone comes so noticeably absent this year was vigil organize a child hung who was arrested by plain clothes, police, or alleged crime promoting on authorized assembly weeks ahead of the 32nd anniversary of the gentlemen squarE Uprising. The organization, Hong Kong alliance, led by child, began promoting the Commemoration Chow at the time highlighted its importance, is actually going beyond us. The remembrance of cameron is also goes to the heart of what Hong Kong, where do we still have the fight . Try to know whether we are still missing, we or we can still to serve our pre freedom by our own action. Its a question. Protest is, are asking themselves, faced with an intensifying crackdown from beijing fighting for democracy is getting hotter. Ah. Okay, so want to tell you a story. In 2013, the nfl agreed to pay 865000000. 00 in compensation and medical fees to former players whosE Unfilled concussions had caused a brain injuries and cognitive disorders like dementia. But several black former players received nothing despite their injuries. Turns out this is because of something called Race Norming which assumes that the average black player has a lower level of cognitive function than white place. So the effectiveness is that even though the vast majority of f, l retirees are black, black players have to demonstrate a greater level oF Damage the white players to get the same pay out and many and with nothing. Obviously the other fell promised to stop using Race Norming, and to review the cases of black players who feel they have been unfairly discriminated against. Lets get into this. We have that dr. Lucy chamber whos an associate professor of sociology and american studies at the City University of New York. Shes currently working on her 2nd book, the creation of the concussion crisis, about the effects of new changes on american football. Welcome to d. W. I read the Story Yesterday and itS Done me. I was last for was that yet again . Rich white people had found yet another way of cheating. Black people is cheating, too strong. A word in this case. I think that it goes far beyond merely cheating in this one case, but Parade Medicine in a number of specialty is i think its, its racial discrimination at its most poignant. So well talk about what else this might, this might go on shortly. But 1st, what was the Nfl Z Defense of this Race Norming in a sport where so many people black so then im gonna spell has from the beginning, maintains that there is no discrimination with Race Norming. And that Race Norming iS Designed in this case to prevent bias against black players. So thE Use of 2 different standards in the Nfl Reasoning was to protect black players from being compared to white counterpart to might have had more education, easier upbringings, etc. And so where did this come from because im still reading from the idea that ok, this is to protect black class. We will, we will make you have to be worse injured. You will have to work harder and just get past that in order to get the same pay out as, as white play as and this protects you. I dont get the double think. Yeah, i mean, i think that as i said before, res corruption is, is it standard and then hes specialties within medicine. So in some ways what the nfl did wasnt a huge departure within the the field of neuro cognitive testing. These different standards were introduced in order to acknowledge that history, the effect of education on, on black men and women starting implantation slavery. And so the idea is that, well, theres been less access because theres petition slavery because of jim Crow Era rules laws, and that access to education for black men and women in black children is, is much more difficult than, than white children. So the argument is that these differences are, are so in a whether theyre genetically based, or in this case, education socially, culturally produced about we have to have 2 different standards. Its very hard to defend. I mean, im a completely opposed to race correction. And in all its forms, in this case, i think that the nfl probably found a way to, to, to save some money in a, in a highly contested settlement. And it could use thiS Discourse of being anti bias while discriminating. And it covered them. I mean on the, the field covered them in medicine covered them. So what else do we say this and what else is race normally used . So rave newman norman, has used in the number of specialties. Its used in pulmonology. Its used in the frolic g. Its used in that tricks and it has really big consequences. It really compromises the health of black patients. And it affects care and it affects the compensation in cases like this. So this isnt the 1st Case that has had the issue of, of, of Race Norming raised in the late ninetys. There was a, assess this case out of baltimore, maryland in which the company on Scoring Corning wanted to use race correction. And the Plaintiff Attorney very hard against it. Oh, it, it really affects lived experience it affect fine mantle awards. I think that that in this particular case, like in the case of owens corning, theres been a tremendous amount of activism, largely from an F L Y who has just decided they dont want to to live with without compensation or with care. And it just happens it will be there. Its very interesting. They start as well. Doctor lucio trembled from the City University of New York. Thank you so much. Thank you. And that was the day a good day the the the the, the, the news, the news, the news, the news, the ah, the shows, the issues shaping the continents and the news after the were gone. Men. Whats making the headline . Whats behind the streets to give you the industry reports and insight all the trends that to use in 30 minutes on the w. What secrets lie behind the scenes was the discover new adventures in 360 degree the and explore fascinating World Heritage site. The v. W World Heritage 360. Now, are you ready to get more excuse these places in europe are smashing all the record to venture . Just dont lead your grip. The Treasure Map for modern globe. Trotters gone for some of europes records breaking the Book Form sometimes a seed is all you need to allow the big ideas to grow. Were bringing environmental conservation to life with learning like global ideas. We will show you how climate change and mental conservation is taking shape around the world and how we can all make a difference. Knowledge grows through sharing, download it now for the news. Its an ongoing class for the spring began in 2011 people stood up against correct rulers and dictatorship, hoped for more security, more freedom and more dignity have their hopes been fulfilled. 10 years after the era spring, rebellion starts June 7th on d. W. The news, the this is the w 9 from berlin police in Hong Kong arrest, a prominent activist on anniversary of the gentlemen square massacre. Child has told me these notes, organizing thousands of people to turn out to remember in 1989 Violence Invasion was on the program. One of germanys most senior catholic clerics office, the pope, hes a resignation. Especially for me, nick a cause a little Reinhardt Marks that he shared responsibility for the catastrophe of sexual abuse by priests. Over the past decadeS Detained journalist or practicing affairs of state television, making an apparently forced confession opposition. Take a say, its a hostage video. And this is comments were madE Under us i feel welcome to the program. Today amongst us invasion is 1989 gentlemen square massacre authorities in Hong Kong band and annual vigil for victims for a 2nd year. Despite this several 100 people, theyve gathered near Victoria Park in the city, thousands of police by multiple arrests. A light to remember lives lost knocked out just moments later. But the resistance of Hong Kong is proving more difficult to extinguish for 30 band, an annual visual for the victims of the 1989 Tiana Mon square massacre. For the 2nd year in a row. They cited close at safety restrictions, although other mass gatherings like concerts and football matches, have resumed. Where once a constellation of candles lit up the night, now lies empty. Neither the band nor the threat of a 5 Year Prison Sentence haS Deterred people from turning out in the streets. Hundreds carry License Or Shine lights from mobile phones all day since the whole thing we were being very peaceful. We only laid out candles to commemoratE Until they found your hold on them because theyre accusing us of violating so many different laws. Its an abuse of their power to detain everyone and to silence everyone come though noticeably absent this year was vigil organize a child hung it was arrested by plain clothes, police are legit crime. Promoting on authorized assembly weeks ahead of the 32nd anniversary of the shannon squarE Uprising. The organization, Hong Kong Alliance Lead by child, began promoting the Commemoration Chow at the time highlighted its importance is gone beyond us. The requirements on cameron is also goes to the heart of what Hong Kong, where we still have the fight, try to know whether wE Us. So this is where we can still to serve our pre freedom by our own action. Its a question, protest as are asking themselves, faced with an intensifying crackdown from beijing, fighting for democracy is getting hotter or right. A Booty Offer is chair of the European Parliament, china dedication. He said the you should do more to counter human rights abuses in china. The Contact Group is not just a superficial thing. It, it means that we demonstrate that we take that as a pertinent issue, not just for the past, but also for the future. That means we take on the obligation to return to the topic, to raise it international fora. And monta allowed events that is something that diplomatically carries weight. In addition to that, we should offer more opportunities for people from Hong Kong that do not want to livE Under the oppression to take advantage of lifeboat mechanisms to, to give them a safe harbor. In addition, we should a put human rights sanctions on some individuals in Hong Kong that stand out as administrators of the authoritarian oppression, as the European Parliament has argued in the past. And that would carry lab. I had a chair of the parliament china delegation. Germany is most senior catholic, clerical offered his resignation to poke francis cardinal Reinhardt Mark says he must share responsibility for what he called the catastrophe of sexual abuse and members of the catholic church. During his remarks, he admitted to personal saying this is one is institutional and systematic shortcomings. Cardinal marx has been has been a leading voice in the court for church reform. His resignation comes 2 weeks after the pope ordered a review of several Sex Abuse scandals in sight. The catholic church in germany, initial Investigation Show decades of cover up by clergy. Here is the cardinal speaking to the press today. Get your machine can to me for me. This is about taking joint responsibility for what happened inside the church home, the supposed to provide the space for healing for hope and confidence, and horror about the fact that inside our churches, this amount of sexual abuse took Place Fund 6 will let me start before not so how big a deal is the Cardinals Resignation . Well, i put that question to d. W. Managers Affairs Correspondent Martin i think this is a very big deal. I mean, obviously, you know, if youre not following church politics, this is not a household name, but nonetheless, what is absolutely clear is that the structure of the German Church politics which really extend beyond germany, goes to the matter of fact. They have a Method Footprint on but you can but you can politics. Really pitys the Marks Group which are very progressive with people like bulky in, in call. And so the fact that he has been accused of hiding information, even from the vatican about sexual abuse over last couple of years. And he has been go to resign. He has comE Under incredible criticism, but he has not left and no marks that has really boost for it must have reform within the church, particularly the German Church is going out saying that essentially the church has to make amends and whatever the church iS Doing, its not enough things to actually be very clear signal to what you would expect people like you to be doing. And very likely, its also a statement about the fact that he can not really stay in the same kind of political context, which is really the top of the church hierarchy. When people like, well, youre actually still operating there. Of course these in interpretation. But the signs are actually very strong state of affairs correspond martin gac, and well take a look now at some of the other stories making news around the world, starting a Ny Jerry where the government is suspended. Twitter indefinitely. Move comes after the social media giants, remove the posts from president mohammed to Bu Howry that threatened to punish regional the fascists. Information minister. My mohammeds and the government had acted because traces activities were capable of undermining nigeria corporate existing societies, agreement, native. The facebook has suspended. Donald trump from its platform until at least january 2023. The social media giants independent Oversight Board upheld its a ban on the form, thE Us president , which was the fullest in the wake of the january, right at thE U. S. Capital of a concert that his host had incited the violence. The 7 health ministers met in britain for 2 days of talks on covered 19. They agreed to step up coordination efforts to prevent future pandemic and other threats, but no new commitments were made to speed up. The vaccine delivers to poor countries. Some it also focused on global Health Security and digital health clinical trials. Greece has begun vaccination people against the Corona Virus and migrant counseling. The a G And Census come into criticism from rights groups are being slow to vaccinate asylum seekers at risk in overcrowded camps means role that its Vaccination Campaign to the general public in january that bell roofs were State Tv has broadcast a 3rd interview with detained opposition activists, Room And Process average brought a savage. Beg your pardon, his family says he was coerced into making a public confession about organizing, antique government protest. Mister protest say, which has been held by bell. Ruth, you know 0. 30 his arrest. 10 days ago when hes ryan, his flight was forced to land in midst. As tearful Tv Appearance shows Press Service praising president lucas shank. Oh, and the confessing to state crimes is the 3rd statement thats been published since his capture fellows opposition. Activists say the interview was clearly chorused. Marks were visible on the journalists wrists. I just hope that i will be able to put everything right and live a normal quiet life. Start to family and children. Stop running away from something his father said in an interview with a p that his son was forced into making the confession. We should believe his words because they were where as a result of Abuse And Torture of my son is the largest. But lacey said he authorities needed confession in order to justify their own criminal actions. The beller is position leader, also warns of k g b brutality. And the severity of the danger that Protest Savage is in we know that louis visited rahman and sophia, the told that im on is a key. But you know, itS Doubtful because for sure he was to shut for sure. He was beaten. And in a he, of course, he has to be released. The same is hundreds of other prison on political motivated prisoners. The arrest of Practice Savage caused an international i would cry. Western countries accused bella was of hijacking the Ryan Or Flight which was forced to land by a military jet intersection. Heavy sanctions are being imposed on bellows by both thE U. S. And the you in the hope that this will lead to the release of the journalist and other political prisoners seeking a sky is taking part in talks concerning these sanctions in poland, where hundreds of fellow resumes are protesting. President Lucas Shane close regime. Just a few of many across europe. Outraged by the tactics. Lucas Shank O is using to silence his critics. Hello. There are falling current of ours cases and long awaited warmer temperatures. Mean residents, Germanys Capital have come out in force. Now that a key threshold of less than 50 new cases, 100000 people has been reached berliners, full of joy. Summer has finally arrived. And along with sunshine, berlin is able to enjoy some freedoms again, like a dip in an outdoor pool. The staple of summertime fun and half the month of restrictions. There is a sense that things are finally looking up. I feel very happy. Its my Birthday Tomorrow and i feel like its a prison. For me, the weather is great and just to be able to get out again to go swimming again with the kids that fantastic lot easy restrictions is always great. The law doesnt have eggs. You can see everywhere that people her eyes and about enjoying the weather. Kids are having fun here. I really hope things are only going to get better than i. And the figures reflect that optimism over the last few weeks. The Infection Rate has been steadily declining in germany. Its now well under 50 per 100000 per week. Nationwide that is assess, showed under which many of the restrictions that were in produce back in november and december last year can be news. And again from today, even indoor facilities such as jims name was to customers again, early november last year. Jim had to shut their doors and move their classes online. Now its time to pump some iron again. Unless theyre fully vaccinated, gym members have to present a negative kind of a Test And Stick to social distancing and strict hygiene rules, of course. Just took, this isnt one really is a great feeling today. I didnt think i would be that emotional, but i really am. Its fantastic and im really happy to see all our members and to watch them train again in the atmosphere is great enough to 7 long months. Team of train us can finally work together again. Thats great. I can deal with restaurants to can once again well come the guests and doors off to jo, dining reopen 2 weeks ago. Experts have warned that the pandemic is far from over and that come, awesome. New variance may cause another search of infections in germany. But for now, while the sun is out and the beer is cool, where is over a 4th waves have been pushed to the back of most peoples minds. Thats it. YourE Up to date. More World News at the top of the hour. Rob, what has your business updates in just a moment . Have a good me the news . Possibly. So if you dont know, its not easy to go to another country, you know nothing about them. Why dont we do this . Because we cant stay offended . Well, why not . Look closely, global news that matters. D. W. Made for mines. Oh, the fight against the Corona Virus pandemic. Now has the rate of infection in developing measures are being taken with. What does the latest research say . Information and context ah, dated the special monday to friday on dw, the millimeter away from an historic deal. Thats how one g 7 Finance Minister described efforts to agree on a global minimum corporate tax. Right after a day of talks in london, coming up, russia as President Putin has been addressing this petersburg international economics for him as his country tries to persuade the world, its back open the business, the Demand Montenegro one to the highway. But its what Cost Financing Deal with china, mountains, our construction system, the E U into the route to really business on robots in berlin. Welcome to the program. The net could be closing on firms. You dont pay their fair share of tax. She 7 Finance Ministers meeting in london say they are tantalizingly close to agreeing to push for a global minimum corporation Tax Rates. Yet to come to a consensus on what the rate should be thE Us as proposed a minimum level of 15 percent. The aim is to end the practice of major corporations paying little or even know taxing countries whether heavily active Finance Minister or sean says it would be an end to the race to the bottom. It will be very effective. Yes, many countries will have higher texas, but it is hopeful that they know that there is a basis and it will be looked country by country. Im sure that this will be the outs and also, so we will have an agreement which will really change the words. And we will be able to do what we, what we have to do for people. And this will be a Turning Point in a global corporation because the last case were going into the other direction. Now we are going into the global minimum Corporation Tax who go a long way towards addressing thE Uneven way in which businesses are charged around the world. Just have a look at the situation currently. So corporations operating in japan have the highest rates of tax to pay. 31 percent followed by germany in the middle of the part of the United States and thE United kingdom. But down the bottom, we have switzerland and ireland, where corporations pay just 12. 5 percent in tax. Thats a key reason why its the base for firms like Facebook And Apple. ThE U. S. Is recommendation of a 15 percent global minimum would mean countries like island would have to increase that taxes . Lets cross to financial correspondent in New York again this quarter and discuss this a little bit further. Yet. What are the obstacles that are getting the way, guessing the way of them getting this extra millimeter over the line and to a deal . Clearly the devil is always in the details. So we mind to find some common ground terms that we will have a global minimum text, but the question is, whats going to be the rate . And if we look at this time, it right now with the Finance Ministers of the g 7 countries. So just 7 countries, the largest countries who already have a rather high corporate texas, the next round of negotiations will actually happened early july when the Finance Ministers of the g 20 countries are meeting. So there it will already be a bit more difficult to, to really find some common ground on the rate itself. So will it be 15 percent . Will it be lower . ThE U. S. At some point even had a higher rate in the back of its mindset. So its not one of the really big sticking points is what rate is it going to be and really find some common ground there . ThE Ultimate aim of this really is to make global corporations, particularly tech firms, pay more taxes. So wasnt gonna mean for efforts to, for example, develop a digital taxes in countries like thE U. K. Friends in italy. Yeah, if i understand correctly, overall this global minimum, texas mostly addressed at the 100, the biggest companies on the planet and the biggest companies that more or less are the big us take a giant. So youre correct on that. ThE U. S. Administration seems to want to push pretty hard so that if we get a global minimum techs, that at the same time, we will get rid of the digital texts that countries like the ok Front Or Italy are imposing. So that also actually could be a big sticking point. Can those countries agree . Will they say ok if we get the global minimum texts, then we get rid of the digital text. If they do not do that, i mean that could be another obstacle when it comes to this. As you mentioned, historic step after all those decades where we had the rates to the bottom, where the g 7 talks continue to Morrow And Culture in New York for today. Thank you. Now, russias president Vladimir Putin says his country wants to win back the trust of international investors. Hes been speaking of these in petersburg, international economic forum, which is happening at a time to 2 racing relations between moscow and the west. However, patient says his country is ready to do business. The 1st section of the not stream to pipeline is finished. Russia can now deliver its natural gaS Directly to the russian president vladimir Putin Hope to the news with bright and the mood among investors. For nomic forum in st. Petersburg, we are ready to continue implementing such high technology projects with our European And Other Partners in the future. We expect that the logic of mutual benefit and mutual games will take precedence over all kinds of artificial barriers. During the current political situation, leakage into many companies remain skeptical about doing business with our shop. With the annexation of crimea ongoing conflicts in eastern ukraine and moscows imprisonment of Kremlin Critic Alex vonny has let the you and its allies to impose more and more sanctioned russia. Foreign investors also concerned about vladimir Putin Support of author, terry, and bella, russian leader, victor lucas, shinkel. And it doesnt really matter what rushes can financial position is. And what the statements from the government and, you know, what the, the kind of Post Directive is. Investors of the will continue to take a prudent approach and that means that they will wait to make sure that the situation has improved, that there are no more sanctions. There are no more geopolitical issues. Theres no more poisoning, mascara, urgently need money. The sanctions and the pandemic have weighed heavily on the russian economy. So the country iS Doing all it can at the st. Petersburg economic forum to win back investor confidence. Some executives are more receptive to rush us in vacation, including the head of the friends, and you try until time. Just like Mister Mcroy once more for an investment in france, Mister Putin once more investment in russia, we have to listen to him. It means that we are well received and having invested several 1000000000 euros in russia. I can confirm the french investors are welcome, and when a contract is signed in russia, its honored. Theyre always seated, benoit goes to young. The turned his words into deeds by signing a deal with russia, natural gas producer, nova tech. The 2 companies want to join forces to launch energy projects in the arctic. Now lets take a look at some of the other business stories making headlines. Russia has used to st. Petersburg international economic forum to announce it completely removE US Dollar assets from its national wealth fund, its being seen as a move by moscow to preempt the sanctions from the United States. Russia currently holds 41000000000. 00 uS Dollars accounting for around 20 percent of the total fund for us added nearly 560000. 00 jobs in may. Falling short of analyst expectations of around 650000 unemployment is however, now below 6 percent of thE U. S. Economy appears to be rebounding, is locked down, restrictions all if the economy will, in the pandemic effects will linger despite the government stimulus. So in facebook is facing new anti trust investigations in the e. U and thE U. K. Over its use of customer data. European authorities are trying to determine whether thE Us tax or use that information to gain a competitive advantage with ties on its marketplace. Over the years, china has 10 itself into a major lender for infrastructure projects around the world. In 2014, the tiny balkan nation of montenegro turned to beijing to finance a highway cross. The rugged nation is less than one quarter complete now, but the 1st Bill is already nearly due and montenegro cant afford it. This massive Construction Project for a 177 kilometer long highway through montenegro is being built by a chinese company. The montenegrin government is financing it with a 1000000000 Euro Loan from a State Run chinese bank. Thats a lot oF Debt to take on for a country with an annual G D P of around 4000000000 euros. If we cannot pay the law, the chinese bank can ask for a present for a Bottle Bicycle cannot ask for some mind that we call him to contract to dance for Hydro Power to take over the railroad. That would allow china to extend its influence in europe. And Gain Access to essential infrastructure. Montenegro, ask you to help re pay the 1st Installment of the loan. ThatS Due in july, according to the financial times. But brussels quickly rejected the request in the mail. The, i think in the medium to long term, it would be better to support montenegro in this carry a situation that would allow the country to have closer ties with a European Union issue. And you should be montenegro has seen a sharp fallen revenue during the pandemic. Its economy depends on tourism, which has crumbled, but its not easy for the e. U to provide assistance. The Block Cant take over the loan payments, especially for projects it classifies as not economically viable. Your districts one day, the support could consist of helping Montenegro Restructure its existing debt with china and then make an offer for further financing of infrastructure projects in the future when bites are going in. And in that sequence, month, you can most provide ongoing support to montenegro without giving it any money. But it will still be a heavily indebted country, dependent on paid ging. Reminder of our top story, this our, shes having Finance Ministers meeting in london say they are closing in on a deal to push for a global minimum corporation Tax Rate. It aims to end the practice of multinational, paying little or no tax, and countries where they operate, thE Us as opposed to minimum level of 15 percent. And i saw from me on the Business Team here in berlin for more to head over to d. That when you Dot Com Slash business, you can also seek out on social media or on facebook aS D w dot. Thanks a lot watching until next time. Ah, the the show that i told the issue is shaping the continentS D. W. News, africa. The was gone, men the whats making headlines and whats behind the way on the streets to give you in the reports and insights, all the trends to use dw, ah, Cruise And Gym and which means and anytime in the Video And Event we have to i guess it was quite some to sing along to download capabilities from super easy to use a very courses into active exerciseS Dot Com Slash Dice on facebook. And the germans are free with the w. M. As many pushes out in the world right now. The climate change. If any of the story this is much less the Wage Form just one week how much were going to really get we still have time to go. Im doing some slides or more like this is the, the, the News Africa coming up on the program. Its been 40 years since the 1st Case of a was reported here from some of the africans living what they tell me today. I said in my desk, and if i came to me wanting to let us go to thE Unit and take that implement. There is a life after the state and then i realize, okay, this, this one says its not going to show me some models that you dont have to choose not to count