(Global Edition) From the BBC World Service ...Three weeks — that's how long Britain has to figure out what it's paying the EU in its divorce settlement. How likely is it that negotiators will be able to make that deadline? Then, we talked about the arrests of 11 Saudi princes in a wide-ranging operation by the new crown prince Mohammed bin Salman. Today, we get the perspective from young Saudis in Riyadh - six out of 10 people in Saudi Arabia are below the age of 30. Afterwards, all week there have been revelations from the Paradise Papers about the tax avoidance strategies of everyone from race car drivers to Apple to elite universities. The head of the OECD's tax division explains why its so hard to coordinate global tax policies - though he says it has been improving.
(Markets Edition) In the year since President Trump was elected, the Dow has risen 28.5 percent — the largest post-election yearly rise since 945. While Trump has credited himself with this growth, Susan Schmidt — senior vice president and portfolio manager at Westwood Holdings Group — joined us to explain why this is difficult to determine. Afterwards, we'll look at the IRS' commissioner's decision to step down, and why this comes at a critical time. Plus: We talk about what the aftermath of Brexit means for businesses.
(U.S. Edition) Another day, another potential tax plan. The House GOP recently released its proposed bill to overhaul America's tax system, and now there's word the Senate may release a proposal soon. We'll look at reports that say that the Senate may delay changes to corporate taxes so that they wouldn't phase in until 2019. Afterwards, we'll take a brief step back and discuss some issues the U.S. auto industry is taking with this House tax proposal. It would eliminate a tax credit of up to $7,500 to get people to buy electric cars. And finally, we'll speak with Cathy Cohen — lead investigator of GenForward, a nationally representative survey — about how millennials view race in the U.S.. While most white millennials don't think minorities are taking their jobs, almost half think discrimination against whites is as big of a problem as discrimination against people of color.
(Global Edition) From the BBC World Service ... President Trump arrives in China today after saying that the world needs to cut off all trade ties with North Korea. What will China's leader Xi Jinping think of Trump's tough trade stance? Then, more revelations from the leak of tax documents known as the "Paradise Papers." This time, it's the southern African country of Angola that's in the cross-hairs. Afterwards, it's the one-year anniversary of India's so-called "cash ban." The country withdrew 80 percent of its big currency notes to try and force hidden, un-taxed cash into its banking system. We go to one village that was supposed be the model – but where cash is still king.
(Markets Edition) On today's show, we'll recap a major misstep made by the Tax Policy Center. The nonpartisan think tank has retracted an analysis on the GOP's tax plan after a staffer found a mistake related to the Child Tax Credit. Afterwards, we'll look at how the Paradise Papers show Apple has found a new tax haven with the island of Jersey. Adam Rosenzweig, a law professor from Washington University in St. Louis, tells us some policy changes that countries can implement to address this issue. And finally, we'll talk about China's scramble to ensure there'll be nicer air as part of President Trump's Beijing visit. How does a country even go about doing that?
(U.S. Edition) Millions of leaked documents known as the "Paradise Papers" show how the very rich are using offshore accounts in tax havens. One of the companies cited in these leaks: Apple. We'll look at how the company had shopped around for a tax haven after a crackdown on its tax practices in Ireland. Afterwards, we'll discuss some of the provisions buried in the GOP's tax bill meant to appeal to social conservatives, and then talk about a growing increase in the number of longer-term car loans.