tv Business - News Deutsche Welle December 19, 2017 12:02am-12:16am CET
working to determine what happened the train was making its maiden run from seattle to portland when it derailed. global markets rally come to business put a charge here in berlin u.s. president donald trump's corporate tax cuts could be signed into law this week. financial deals in the netherlands. coming up a german tradition which is great proto culture whole company trust still play a big role in germany. major u.s. stock indexes are breaking records this monday other global financial markets have also spent the day rallying across to new york in just a moment but first the reason for all the excitement congress is expected to pass
trump's tax bill this week there are reports that company profits could surge by thirty percent on the cuts red suit or not us president to donald trump seems to want to play santa claus this year we haven't heard. this is going to be one of the great christmas. before. but trump's tax reform gift is overwhelmingly aimed at large corporations shrinks their tax burden from thirty five to twenty percent for mid-sized companies the tax cut is slightly less generous their rate is capped at twenty five percent meanwhile tax rates for ordinary employees will hardly change at all in fact allowances for low earners won't even be as high as was originally planned. but perhaps the greatest blemish on the tax reform is its cost two point two trillion dollars over the next ten years money the government doesn't have that trump knows exactly where he hopes to
get the missing funds we think four trillion dollars will come flowing back this is a country that's one of those overseas that's stuck there for years and years and by that means his controversial import tax twenty percent on products imported from abroad its aim is to encourage u.s. companies to relocate back home but it would also hit european companies hont the e.u. calls it discrimination so as far as international trade goes trump's christmas present might actually be a lump of coal instead. all right let's talk tax reforms and bring in our financial correspondent quarter yes charles tax reform is not even fully at what investors are happy tell us more about the atmosphere behind you at the new york stock exchange we've seen as for weeks if not for months that investors on wall street are expecting this tax reform and now it got
even a bit closer to reality of the u.s. president could sign the package before christmas and for the seventieth time this year alone the doll jones industrial average said a new all time high that is a record so having so many closing highs within one years and the nasdaq composite so the tech savvy index so for the first time ever at least during training trading reached the seven thousand point mark a lot of companies are basically expecting a lot of positive figures for their own because of this tax reform which companies and just how much the benefits could be. there are some companies who might profit a bit more than others for example financial institutions merida stage firms they might do extremely well but bottom line when the top of corporate tax rate will be
lowered to pretty much all of the big u.s. american corporations will profit and we've seen in the deposit couple of weeks and months so that all of those companies are pretty much on the rise and go to new york thank you so much. and to a different story to europe the european union has launched an investigation into ikea's tax arrangements in the netherlands they could have given the swedish furniture giant an unfair market advantage and now it may have to foot a bill that's of course a little pricier than its cheap bookshelf so. ikea's known across the globe for its practical and inexpensive home furnishings the company also strives to have a low tax bill but the european commission believes ikea took advantage of questionable tax loopholes in the netherlands. we have concerns that to touch tax rulings from two thousand and six and two thousand and eleven may have allowed enter ikea to pay less tax and given them an unfair advantage compared to other
companies subject to the same national taxation rules in the netherlands which would if confirmed to be and reaches your state rules. the alleged tax avoidance model apparently allowed the furniture giant to pay little or even no taxes during some years but ikea insists that its tax deals in the netherlands did not breach e.u. laws the debate over you tax havens isn't new the netherlands ireland and luxembourg are among the countries attracting multinationals with favorable tax models besides ikea apple and starbucks are among the big names taking advantage of such tax schemes the european commission has now launched an in-depth investigation into ikea's tax deals and then the other loans if the allegations of irregularities are confirmed could be hit with a large bill for back taxes. they say next case could cost amazon ten million
euros france's finance ministry suing their retention for abusing its market dominant position on its own platform the ministry size there's a significant imbalance quote in business relations between amazon and vendors selling products on a third party vendor platform the case follows a two year investigation into such platforms and will be heard by the paris commercial court allison has of the power to modify contracts at a moment's notice demand show to delivery times or block deliveries why demanding additional corporate information from lenders though here in germany alison wants to roll out its brick and mortar stores like in the u.s. it's set to be part of an international strategy so far the company hasn't issued a timeline. the corporate graveyard includes more than a few brick and mortar businesses slain by amazon most recently toys r us which
declared bankruptcy this year yet while traditional businesses have struggled to match amazon's online presence customers haven't given up on physical stores far from it in fact close to ninety percent of all retail shopping worldwide is done in person a figure that also applies to the u.s. . economist represents about twelve percent of sales nationwide but there's evidence that it's kind of hitting a plateau terms of the amount of sales it'll produce shopping in person is even more common in europe where cash is still king and online buying not quite as widespread amazon may hope a physical presence can help when those store go in customers experts say its american bookstores allow the company to show a personal face and showcase its own products well learning lessons about customer shopping habits they could help online. there's some irony in amazon selling books off the shelf as it was selling books online that first put it on the map and helped put some brick and mortar bookstores out of business but the retail giant can afford to experiment its online empire after all is only expanding the company
that place together face together said lease many germans play musical instruments here that it's not unusual for large companies to have their own orchestra playing together is not just fun it also boosts team spirit. what you heard of vite company the bottle she leads sixty accountants engineers and i t specialists they have all swapped their computers for cellos violins flutes and assumes they are the s.e.p. orchestra maybe not as well known as the company's corporate software products but an important part of the business nonetheless. in the company that wants to advance and be successful it is very important that people are in harmony with each other that they are able to work in a team and cooperate there's no to vittie in the world where you have to react so
quickly to each other and work together so well as in an orchestra. that's because each musician depends on his colleagues to achieve that perfect harmony they have to listen to each other respond at the right time and be well trained and prepared. essence of. that you have to practice if you want to get right. to. practice. and that's how it all fits together as sapient schubert bush and yes the german auto parts maker has its own orchestra too in fact many of germany's largest corporations are tuned in among them siemens chemical firm b. is f.
and all of the auto makers are b.m.w. and fox. it isn't the german d.n.a. in germany it is a widespread competence to be able to play an instrument all those people playing an instrument are organized within the german music federation which has nine million members and that is more than the german football association and. that should make sure there's enough musicians for generations of company orchestras keeping the economy. the company beyond humphrey bogus for during casablanca and harrison ford's had care in the indiana jones movies this company is bankrupt union officials say a court has thrown out a rescue plan for italian hatmaker borsellino and put the company into administration and investment fund took control of the struggling hats for two years ago but its efforts to save the company failed what you know was founded in
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