station has reduced their habitat so far the herd has caused more than $1000000.00 worth of crop damage, but no one's been injured. at officials a tracking the elephant movements by drone, where they'll go next. nobody knows when they'll stop is also unclear victoria gate and be al jazeera as always more news on our website. i have alex here on the very latest, on all of our top stories on a alex here. ah, hello again. i'm fully back. people with the headlines on al jazeera colonel, i see me going to is being sworn in as molly's president, the ceremony is going ahead, despite growing international pressure to hold elections in hand overpowered to civilian leaders, going to lead a military coup. last month overthrowing a transitional government installed less than a year ago. nicholas hancock, the latest from by mccomb. a see me go. is about to be sworn in as the president of

transition. 9 months ago, he had stood in that room sworn on the molly constitution that he would stay as a vice president, that only a civilian, not a member of the military would be the one as the head of states that would be taking care of this period. of transition, the president of transition by and down and the prime minister looked are one are watching this on television under house is a house arrest. to trains have collided in southern pakistan. sind province killing at least 40 people rescue workers were looking for passengers trapped in the wreckage from a certain non con, says is shocked by the accident, then has called for an inquiry early result in peruse. presidential run off or giving right wing candidate keiko for g. maury, a narrow lead, with almost 90 percent devote counted, but her left. his rival pedal castillo is still expected to make gains in rule

districts coming to harris. he's on her 1st trip abroad as us vice president. she's arrived in guatemala spot of a regional effort to address the root causes of migration. thailand has begun to mask or one of eyes vaccination campaign as it cancels it's was not break. so far. thailand was able to keep infection rates low until a 3rd wave in april brought record numbers of new cases and deaths and lawyers from the shrunken government, say the owner and crew of the container ships sinking off the coast of colombo. try to cover up the disaster. the government is seeking damages on the opening day of proceedings, government lawyers sold a court. the vessels operators where we have a fire and chemical leak early on, but have the information from officials. those are the headlines on al jazeera. we'll have more news for you right after inside story with so rahman to stay with us. thanks. want news.

news lists of us as individuals pay tax, but many big companies don't lunmark dealings to stop corporate tax dodging g. 7 nations are going to set a minimum rate, will it for multi national to pay that? sure. and who will benefit the inside story? ah hello and welcome to the program on the hill robin. do business in one country, shift the profits to an offshore haven and pay little or no corporate tax. it's

controversial, but the world's biggest companies have been doing this for years. now. the 2nd group of so called advanced economies, the leading industrial nations are trying to stop the practice. it's agreed to set a minimum corporate tax rate of 15 percent. some of the multinational firms targeted include amazon, facebook, and google. not. they've been criticized for exploiting global tax loopholes while reaping huge profits, not least during the pandemic that will bring in our guests in a moment. but 1st this report from me parker in london tax randy gets pulses racing . but after 2 days of master mass talks in london, a commitment by g 7, finance ministers to for some of the riches companies in the world into paying their fair share. well, i'm delighted to announce that today off the dears of discussion. g 7, finance ministers have reached a historic agreement to reform to global tax system to make it fit for the global digital age. but crucially, to make sure that it's fast,

many countries are desperate to plug holes in their finances caused by the code 1900 pandemic. while many nations have been thinking deeper into debt, the pandemic was a windfall for big tech companies such as amazon and google. the raked in huge profit. by the moment companies are built on earnings in the countries where they operate. this old way of doing things is no longer fit for purpose, largely because it's exploited widely by multinational companies that operate in various different competing tax owns. all they need to do is declare their profits where the tax is that it's lowest or indeed whether no tax is a tool and it's all completely legal. but g 7 finance been to say now's the time to level the playing field by introducing a flat 15 percent rate on businesses to help pay back and demick debt that global minimum checks within the race to the bottom in corporate taxation and ensure

fairness for the middle class and working people in the us and around the world, tex evasion will be more difficult for big companies all over the world. and this is a good message for the people of our countries. and especially the big tech guy in giants who have a 2 page google that's been bracing for a global tax hike for some time. so they strongly support the work being done to update international tax rules and hopes countries continue to work together to ensure a balance endurable agreement will be finalized soon. well, facebook said it wanted the international tax reform process to succeed, while recognizing it could mean paying more tax in different places. the big challenge now comes, we getting enough economies on board to make the plan work, including countries such as island, where low corporate tax rates have entice several big businesses, including google to build a european headquarters there was good for the g. 7 may not satisfy all talks,

will continue at the g 20 summit. later this year. the broker, i'll just sarah london. let's look at why tech firms such as amazon, google, and facebook have been accused of dodging taxes while all have the headquarters in the united states. amazon report to the profit of $20000000000.00 in america last year. it paid 9 percent of that in taxes. well below the official corporate rate of 21 percent, it's european division based in luxembourg, paid no corporate taxes at all. in 2017 google was accused of moving nearly $23000000000.00 to a shower company in bermuda to reduce its foreign tax bill. and last year, the us tax agency sued facebook to clawback $9000000000.00 an unpaid taxes, but the trial was counsel due to the pandemic. the so let's bring it all again for this edition of inside story in athens, we have mark, boom, and source. thanks them for the tax justice network in the future at nigeria,

mr. far dudu our executive director of the african center, the tax and governance, and in new haven, thomas pocky, professor of philosophy and politics at yale university and all of global tax fairness. welcome gentlemen. all to the program, mr. paul, can i come to you 1st in new haven? the g 7 seems to be banging their own drug that they've achieved and agreed in principle on leveling tax loopholes. i mean, are they thinking their own praises far too early? well, it is a bit early in the day. this is obvious, the progress, but there are a lot of problems still to be ironed out. the agreement is among 7 countries, and we have more than $200.00 techs restrictions in the world, many of which have 0 taxes or texas below the 15. the said. and so the 1st question is whether it would be possible to get everybody onto the same sheet, everybody up to 15 percent or whether some of the traditional tax havens were tried

to resist that. another problem is that even above the 15 percent, you have a lot of variation in text, right? and so even if everybody have at least 50 percent, there is still a problem off corporations trying to go shopping for a cheaper text, right? trying to pay 15 rather than 3035 for even up to 50 in some jurisdiction. but gives us an overview of how this conversation is going to go. mark, boom. and so in athens and you have very specific angle why we've invited you onto the program, but in general, is this all about sort of corporate doc tax dodging? i mean, can you see this as a potential 1st step to tightening the rules and more countries coming on board with the idea of 15 percent though they may not might not actually like it right now. and the way i was summarize,

it is the g 7 this weekend has pushed international tax system in for the 21st century. but only just for themselves, only the g 7 will see the main benefits of what with analysis weekend leaving rest of the world behind thomas project. a new haven has come back to you and very quickly has the u. s. a sort of wanted initially 21 percent, but came down in this negotiation in the u. k. with the other g 7 finance ministers . so why settle just the 15? is it enough to keep both american industry and global capital's happy at the moment? yeah, i guess that is one of the reasons for keeping it is 16, right? obviously it's heavy lifting to get it up to 15 in the 1st place. the u. s. if you know is trying to increase its corporate tax rate from 21 percent to 28 percent and 28 percent tax rate would be very difficult to maintain. it will be difficult to keep corporations paying that tax right. if they can buy proper shifting,

get 0 percent tax rate or 5 percent tax rate in some other jurisdiction. so 15 percent makes a little bit more realistic. yeah. for the us to collect on it's 28 percent. it seems that they developed countries. mr. far and that you are in a boucher nigeria seem to have it all sewn up that they have all the answers. but do they have the answers for africa? i mean, what concerns you about the agreement that's been made now initially by the g 7 countries? thank you for having me. so. so yeah. first of all, the question is, who designed these rules and who are these rules designed for? like we said, for, it will be in that group a few few and neat countries have been did i didn't this was without taking into consideration for example, developing countries like africa, which is like our country's nigeria, egypt, that africa,

china and there. so there is a huge, big political question as to whether or not we want to continue in a system that is bullies because their concern 7 country cannot come up with a global tax rule. and that is why we've been clamoring for a global tax. but under the united nation and of course law group. and so let me just bring you in that a based on that, your chief executive, alex called him who's written widely on this decision has talked about, you know, the g 7 shamelessly benefiting themselves and leaving rest of the world behind you . that goes on to talk about what the plan would be in the modeling from your organization. that may be as much as 355000000000 might be generated to the fair approach. under the 15 percent system, maybe only a $100000000000.00 might be available for poorer countries. so the question then is it seems from the analysis, that is the fact that the richer economies that a going to keep the coffers very close you might say to themselves,

the real lose is all the poll countries like africa, maybe parts of asia as well. and southern america, where, who do you see is the biggest loose as in all of us? well, suddenly again, it is lower income countries. lower income countries aren't just getting a fraction of the taxes are going to recover by the glory now. but to lower countries. corporate taxes, much important now important role and funding called the services of global tax abuse. today, over tax of use, lower income countries may lose less. total taxes, which are hundreds of that time the much bigger share of their public health services and august revenue altogether. lower countries move the equipment of just over half their combined public health spending to global tax abuse every year. so for the tea 7th, come out with this really shameless proposal that is not just on ambitious by

having such a low minimal tax rate of 15 percent to then take 60 percent or so over the recovered taxes. trusting 7 countries were 10 percent off. elation live is incredibly shameless, especially during a time like this when lower income countries in the rest of the world really was looking through the g 7. but they're behind the right guy. and that international tax system that would bring back billions and tax on to the contract from which it was robbed and which is urgent. you need to rebuild and recover the must, boucher. it does seem that the polar countries, you know, if, if what mark is saying and what's reflected by the organization that he represents a going to be hard hit a such. do you think poor countries may be in africa? will have their arms twisted to join the system and to join the debate and then try within that system themselves as independent states to push the developed countries to push the richer countries to,

to increase that tax rate. what's your opinion about whether there is enough clout in africa to be able to push the united states to push the g 7 to push japan? well, like we all know, this is the power, right? so saying that african countries are not, do we have the muscle out there? no, we don't have the most. and i mean, history has proven that, and looking at all the conversations, all the rules before now the cd through the inclusive framework tries to make global talks to set in more inclusive. however, we still have a look to you because it is wanting to be at a table, but it also another thing to be able to, to set the agenda. so although i'm going to make an effort, but you get it to the african talk to susan forum in terms of whether or not we have the muscle to actually achieve our own goals. i really doubt that. can i then ask you a country like south africa, which is part of brakes,

which is an internal financial grouping, which includes brazil, india, russia, and china. i mean, south africa was seen as a bit of a heavy weight on the, on the continent. do you think that within a system like breaks or it's membership of maybe a co op, saw the african union, they can as, as a group as an entity? is there any way, politically, to think that they can make some sort of influence, can talk to the g 7 in a way that would represent africa and to try and persuade them that they need to help africa a lot more. so i haven't seen anything on the a front. however, like i mentioned under the african duct distribution forum which africa is also a member. i know that africa and nigeria are very actively involved with data and they have made some very significant progress recently in terms of pursuing the african agenda. however, in terms of implementing an agree into these rules,

we haven't really seen anything concrete. so it is want them to be hopeful, but like i said, it is highly unlikely that african countries are africa and i really able to, to, to, to do anything. that is, i mean it's evidence that in what the d 7 i've done recently because it's like, you know, we had a g 7. we coming up with this proposal that you like it or not, you'll have to, you'll have to take it because if you've already said the agenda is that the framework, it's really difficult for countries because these things that they're not just actually go into treat issues pre deal issues of transfer of capital. so there are a lot of things to, to consider. and that's why the g 7 life of g 7 countries have the upper hand. thomas poker in new haven type spring in here. because if we talk of africa and countries in africa being loses, there's actually quite

a few countries in the northern hemisphere that will also be lose as such as island . and perhaps france, if you look at the islands, what corporate tax rate of 12 and a half percent does attract a lot of big business. we know that, you know, companies like google, i think facebook, the headquarters in dublin. and the best local surroundings. france has a corporate what charger, corporate tax charge of 31 percent in that conversation. amongst a g 7 finance ministers. i went to, i was going through the french finance ministers mind when he's agreeing to 15 percent as a new culprit rate. when france itself charges $31.00, what's going on there? yeah, i think that this follow the pressure on both sides of the one hand. of course, the rich countries, one this minimum tax read to be close to their own because they don't want to lose corporate taxation. but on the other hand, and that's also a very important from situation, many of the multinational corporations who are the taxpayers, are headquartered in and owned by citizens of the switch countries. so rich

countries so far have been quite willing to let these corporations get away with paying very soon, texas, or maybe you know, texas at all, he cost would benefit recruit to their own citizens who would then if you're lucky pay some taxes. but at the very least, would if campaign contributions to the political parties in the rich countries, in particular, the united states. and to think that have a difficult time, for example, france, germany and italy who are part of the g 7 of trying to sell less back to their own e u partners. if we just look at the e u, for example, 20 of them and the states, you know, and 3 of them are actually in the g 7. what does this say to countries like lithuania and where bar case in athens, greece, they're not rich countries. right? but i think that they can certainly persuade the european countries that a few european countries that have tex read below 15 percent. they would just

hungary as one example, but i think on the whole this is a deal that is doable within the u. n. is generally beneficial to the i think, you know, maybe a little bit in contrast to what the other speakers have said. i think this was on the whole a good step which is very weak step and absolutely more has to be done. but what we now are committed to what everybody understands is that text sovereignty has to be tempered by fairness and taxes in one country have effects on the text, income of other countries as a text competition. and you just have country, their own text system without regard to how that affects populations from other countries. so this is a small step to live at all. but i think we're going in the right direction of understanding that we need to coordinate globally and find the fam,

texas them that make sure that the benefits of corporate taxation are reaching all populations. ok gentlemen, just hold it. i got more information to give our view is that because taxes, even the division cost governments billions of dollars research from poland, just the european union member states lose nearly $190000000000.00 a year. the tax foundation to us base think tank believes that multinational firms have stashed away up to $700000000000.00 in taxes in offshore havens. and the charity action aid says poor countries are missing out on nearly $3000000000.00 in taxes from facebook, google and microsoft. so i want to come back to you, mark, boom. and so in athens, we mentioned that obviously the, the big companies like amazon and google will quite warmly responsive to the decision made by the g 7 finance ministers. were you surprised by that? i just want to clarify, i just want to add more about how much taxes lunch is here. just make that concrete

large. we estimate every 2nd, the world loses the equivalent of a nurses yearly salary attacks. so when you talk about those big numbers, what those mean, you practice years worse for nurse loss each 2nd to attacks data. so it's not too surprising to corporations, of course publicly, they're going to come in support and for years these organizations have been saying that they have an tax where it's due. but of course, in practice that has not been the case. it's worth keeping in mind that 15 percent what the g c was a $37.00 have done is basically keep the bottom line. so we've known for 40 years at the bottom. it's damaging, there's a 100 kind of research on this, and the damage is economy damage and well being peoples wellbeing and crates, all 37 finally this week admitted that. but what they've done by just setting the

rate up 50 percent and you're saying you're happy to keep that right bottom in tax . so it's not surprising and i'm sorry that i'm trying to bring it and that you are in a future because obviously, you know, so much money lost in the system. what sort of money could nurses salary say of $13.00 or $20000.00 do for a community? if it was tax, a boucher or somewhere else that you can give us a relevant example? yes, so we've carried out some studies looking at tax incentives which the global minimum tax rate is trying to to address. we have seen that from only one company getting tax probably be able to save about a $100000000.00 are just one company or what it cost estimates. is

that these 100000000000 been actually billed over 2005 from the primary healthcare? well equipped primary health care centers. so in terms of what $20000.00, what the new doesn't dollars can do. looking at it from, from the health, but on the health perspective, i think it's a long way in equip, in a primary health care center. yeah. and i think mark was agreeing with that. certainly enough is, but what about the thomas here? and you have because it's a unique opportunity that's written in the last 36 hours as those finance ministers got together to agree on how to you might say root recoup, lost money for that and to help rebuild our economies. i mean, what, this situation and this development and this agreement has happened if that hadn't been a change in leadership in the white house and the global pandemic at the same time . so i'm pretty sure it would not have happened and not with,

from trump would basically have a suit in america 1st policy trying to not multilaterally, but individual, the tried to get as much money out of corporations as possible for the united states in so far as he even wanted that money, as i said before. in many cases, the american emits or the republican needs better off, collect the less money from corporations and more in campaign contributions than get taxes for the country. again, coming to the end of the program in the month payments come to you in athens now in the light of what's actually happened over the last 2436 hours. how do you see the move now progressing? not on the conversation, not just amongst sort of you might say the northern and southern hemispheres, but from countries of far, why does a new zealand to india from taiwan to the philippines who in fact all have for

example, a facebook, a head office or regional center the, an all have different tax scenarios. it's a very large debate for the future, isn't it? and it's not what it's going to be solved overnight. i agree, and the group must on it's not just or international international tax system that has been shown to be unfit. it's a process we have for international tax rules. yesterday 7 countries world plan for the rest of the world and that plan sees and taking a larger share of the pie that they ought to recover. tax the oh cd we just put for the proposal that the 2 sentences appears to be supporting. will disproportionately give o c countries or countries 1st dibs on a record tax. so it's not for center national tax system. it's not working, it's a process. what we need is international tax rules and and so you will talk about approach hasn't just been recommended by the high level and in fact the panel

just this week or the comics forum signals that approach as well. so going forward the path is bring international tax rules to, to, to a let the democracy of the un. it's an interesting conversation, i'm sure we will be revisiting in the future for the we have to leave it out of afraid, but i'd like to thank you all mark booth and so in athens must have that you're in a future agirri and thomas project in new haven, gentlemen, thanks for your thanks very much for joining us on this edition of inside story. and thank you for watching as well as you can see her best and all of our previous programs. again, anytime by visiting our website at all there at dot com and the further discussion you guys will facebook page on facebook dot com forward slash 8 inside story, also join the conversational twitter handle areas at a j inside story. for me, the whole rahman until next time for the whole team here. thanks for watching. the news.

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ah, ah, ah, ah, hi there, i'm found here today and are home with the top story of here on our era. kind of seem to boys has been sworn in as molly's president, the 70 went ahead despite growing international pressure to hold elections and hand over power to civilian need is going to you'll recall at a military crew last month overthrowing, a transitional government that was installed less than a year ago, nicholas hoc has the latest for us from the capital monica. 9 months ago he had stood in that room sworn on the molly and constitute.