The bidders. Disney is said to be working with an advisor on a potential bid or twitter according to people familiar with it. Disney has 5 billion in cash. Heard paul sweeney talking about the strength of its balance sheet. , as we, salesforce. Com have been talking about, in potential bidding for the company as well. Twitter has been lower today, downgraded by oppenheimer, asking questions about the price that twitter could fetch in a deal. Seeing shares move higher at the moment. Disney, on the flip side, is moving lower. Seeing shares movea little legr on the session with the broader markets, down 1. 6 . We will bring you much more on these headlines in this potential deal. In the meantime, we are seeing a sellout today, stocks hovering around the lows of the session. We had a selloff in european banks that spread to the u. S. We also have concerns about Global Growth persisting. Generally a risk off by us to the markets today. We are seeing the biggest twoday loss in the s p in mor
That seriously harms our able to recruit the best i. T. And Cyber Security talent out there, or immediately ten of the last 14 miami on this authority are senior i. T. Executives who turn into pumpkins by this Time Next Year when their fouryear terms under the authority run out. In fact terry himself is. To we recognize the role as the taxpayers the dont have access to the Digital Economy where prefer not to conduct transactions with the irs of mind we remain committed and dedicated to providing services all tax pirate taxpayers need. For example, we will continue to offer more web base Services Taxpayers can always call the help line or obtain assistance in improving the online experience for those who want to deal that way will freeing resources to make it easier for those who want to visit in person. To in building towards this experience the taxpayers biggest challenge will be to make sure the online accounts are properly protected. Our concern is cybercriminals are becoming sophis
Equally the other Member States lack those protections as well. If we then come on to our cfc rules, we revamp our cfc rules broadly at the same time we much to a much more territorial system of tax. That slide gives a very broad summary of the old rules and the new rules. I think two key points about the old rules, they contained a quite strong presumption that activity should be in the uk if it could be, if you like. So therefore, there was a tendency for there to be a pull into the uk. If you moved activity from country x to country whyy, there might be a question why hadnt you moved it into the uk or where wasnt it in the uk in the first place. So that impact on foreign to foreign transactions was particularly crucial and prar particularly difficult for many businesses to handle. I think another key difference is the current rules are more proportionate proportionate. Under the old rules, you could in some circumstances have quite a lot of income that would have otherwise been caug
Broadly at the same time we much to a much more territorial system of tax. That slide gives a very broad summary of the old rules and the new rules. I think two key points about the old rules, they contained a quite strong presumption that activity should be in the uk if it could be, if you like. So therefore, there was a tendency for there to be a pull into the uk. If you moved activity from country x to country whyy, there might be a question why hadnt you moved it into the uk or where wasnt it in the uk in the first place. So that impact on foreign to foreign transactions was particularly crucial and prar particularly difficult for many businesses to handle. I think another key difference is the current rules are more proportionate proportionate. Under the old rules, you could in some circumstances have quite a lot of income that would have otherwise been caught by cfc rules and income that you would logically want to catch with cfc rules, you could avoid that be a technique called
Certain information. Yes. But when it comes to priorities, he sets those priorities, not you. Were responsive to the committees priorities. And tell me, when tell me the priority list right now. What is that list . Number one. It is, number one is the production of documents that were requested regarding former officials, and the top of the list was for former secretary clinton. Number two are the interviews of the four Diplomatic Security agents we referenced. Thats not to say that the other requests are forgotten. Thats not it at all. What it is is to say those are the issues those are the items that we have worked most diligently on and we will be. We have good story that we are producing within several days we will begin producing to the committee those beginning of those documents that were requested. Its only been six weeks, roughly, since the initial request. And then a few about a month of the finalization of that. And in between that, weve prepared for hearings that didnt come