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Transcripts For BBCNEWS Business Today 20240911

Todayis today is a big win for European Citizens and tax injustice. Trouble in the pipeline . The price of oil tumbles below 70 a barrell for the first time since 2021 as concerns grow about the state of the world economy. It relates to how two apple subsidiaries in ireland were treated for Tax Purposes between 1991 and 2014. Ireland has a low corporate Tax Rate of 12. 5 but its been accused of so called Sweetheart Deals with certain companies allowing them to pay a much lower rate. The Decision Cant be appealed apple said its disappointed with the decision and accused the European Commission of trying to retroactively change the rules. Here is what the < ....

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On Tax Injustice, And On Being Prepped For War With China

The IRD’s significant research proves that the rich (on average) are taxed on their income at less than half the rate paid by ordinary wage and salary earners. They also pay a far smaller proportion of their income in GST. Even worse, the research . ....

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