Wall street puts its doubts aside as the dowjones finally hits 20,000. Plus, tax wars. Can Brexit Britain and trumps us beat the likes of ireland at their own game and lure back the multinationals and their billions . Welcome to World Business report. Im sally bundock. We will be checking how markets are doing in asia injust a moment. We start in the us where President Trump has been provoking more controversy over his plans to wall off mexico. Meanwhile, traders at the New York Stock Exchange are cheering the trump effect. Heres what they have been celebrating the Dow Jones Industrial average of top us shares ended here, finally closing above 20,000 points For The First Time in its isi year history. Its a huge psychological milestone for traders, the dow has now risen some 9. 5 since the election in november, one of its biggest rallies on record. It got within one point of 20,000 back on january sixth before nerves caused the rally to fizzle out. But since President Trumps inauguratio
0h, oh, you are spinning again keeping me on my toes lets go and have a sit down. There we go. Right. Itell you and have a sit down. There we go. Right. I tell you what, lets pretend that didnt happen facebook founder and Ceo Mark Zuckerberg will be in brussels today where he will meet three european commissioners. While the meeting is not specifically about tax, dont be surprised if the question pops up. Mr zuckerberg is expected to back plans by think tank oecd to find a Global Solution to the problem. Facebook and others have been accused of not paying theirfair share of tax in countries where they operate. In the uk, facebook paid just 37. 2 million or £28. 5 million in Corporation Tax in 2018 despite generating a record 2. 15 billion or £1. 65 billion in british sales. Amazon, facebook and google have strained existing rules because they are able to book profits in low tax countries, like ireland, no matter where their customers are. The uk has planned to introduce its own Digit
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