you're watching d.w. news live from baghdad still to come. fresh outrage over a new document leak about overseas tax shelters but how does the tax dodging of companies like facebook and apple actually work for us well how about it he said business update in just a moment. i'll be back at the top of the hour with more world news how good the. my first by psycho was a sewing machine. where i come from women are bound by this notion to. something as simple as learning how to write them by side isn't. since i was the little guy i wanted to buy cycle of my home and it took me years to. finally

gave up and went to buy me and my cycles but returned because sewing machine sewing i suppose was more apropos age for girls than writing advice and now i want to meet those moving back home who are bound by their duties and social norms and inform them about their basic rights my name is the amount of people and i work them. to be. a massive new leak of financial documents exposes political leaders i'm via pizza the so-called paradise papers reveal how the wells movers and shakers and best their wealth in offshore tax havens yes that mel b. legal but is it right. and surviving

a market meltdown what kind of company do when its core product suddenly becomes obsolete footsie films survive the death of traditional. visit of your business live from berlin i'm going to have elvis the paradise papers name and shame individuals and firms who are sheltering their millions an offshore accounts some countries are now vowing action to recoup lost tax revenue all this apparent wrong on interested yet even those who want to take action face challenges for example how do you go off to royal head of state. the queen of england is there the rock star bono to american firms apple facebook and nike are also part of it. the massive paradise paper's leak is a snapshot of global tax dodging in sixteen million documents most of them out of bermuda big names and big companies are caught once more in a controversy over their finances that's boosting those who want to end tax dodging

in the u.k. opposition leader jeremy corbyn suggested the queen should apologize after the leaks showed her state made offshore investments we simply have to challenge the culture that the something clever about avoiding taxation taxation is what gives us ambulances gives us far attenders gives us safety in our lives and we all have a responsibility to pay for it others have greeted the revelations with a shrug russian officials have pointed to the legality of the transactions in the u.s. commerce secretary wilbur ross said there was nothing improper about his investments in a firm connected to the russian state us president donald trump could even use the leaks to support his plan to slash corporate taxes the reality is more complex however governments like the u.k. and germany say they've been trying to close down loopholes with mixed results the e.u. has meanwhile suggested a collective response but even this could face challenges sometimes we have blocked blocked by the fact that the member states considers that to be should be you go from this or that. and now we're in

a different period that's what i call the transparency. it's high time that everybody goes into seeing the reaction to eliminate proved to combat that's evasion when it comes to clamping down on tax dodging for now the shame game might be the most effective option. well what can be done what can the politicians do well let's talk to once when gold he's the member member of the european parliament for the german green party and joins us now so you make a great britain as the big culprit here but isn't that a bit simplistic. well if you look at the facts it's very clear that most of the islands of which business was wheeled were clearly british territories and therefore this is a key question with the upcoming bracks it discussions so i believe british banks

investment funds and children's companies they have a strong interest to keep market access to the e.u. twenty seven and we should clearly make that conditional on closing down the tax haven business around the u.k. . earlier today i spoke to someone from the tax justice network he said that germany was trying to subvert changes toward more there was more transparency in tax justice on an e.u. level what do you say to that whether that's pretty accurate because when it came to obligations for transnational companies it was germany which keeps blocking the proposal of the european commission that big companies have to publish where they pay taxes and where they earn their profits so i expect the german government now to change course and as you know the german greenside in prep are a tory talks for coalition and i also expect that this issue is put on the table of the negotiations that would have been my next question how sure are you that this

will come that this will be on the table and in the go she ations about the future german government. well we have raised it already as greens and beyond that it remains true that the only sure thing is the existence of god. if you compare the paradise papers as they're called now to the part of a paper from a year and a half ago there is just more of the same are certainly difference you know there's a big difference because here we see one of the most respected law firms in the offshore world and therefore we see other clients we see transnational companies nice sounding names like nike siemens. and so on and therefore it will be very interesting what is being revealed about their business and their tax dodging a pivotal us is naming and shaming these companies that you just mentioned as examples is naming and shaming enough or do consumers care. no clearly it's not enough but it's not the job of consumers to control transnational companies it's

the job of democratic politics to take control of the globalization process so what europe has to do is we need minimum tax rates and we need common tax rules and full text transparency in order to fight that feeling that tax law is only for the small people while transnational business can avoid responsibility so if you are in the green party thank you very much pleasure. keeping up with technological change can make or break companies good play studies fujifilm best known for producing cameras in film the digital camera destroyed the business in two thousand photographic films made up to sixty percent of the film's revenues now it's a mere one percent but what competitors like kodak filed for bankruptcy fujifilm branched out into pharmaceuticals and cosmetics these divisions now make up almost

forty percent of the firm's turn of earlier asked forty films corporate vice president gomez arche how his firm survived the rapidly changing marketplace while rival kodak just went under well i think the most important part was that we had the courage to change and to you know even if it meant that you know because cash go was going to diminish we were able to you know face the fact and change the direction i think that's the first or the second point was that. first was the courage and the second point was that we feel really did did dig into our core competencies especially on the technical side that so you know the basics of the film technology wise is a i think coding so in. in one third of the thickness of

a hair we call twenty different coatings or when we matter for a graphic film and this gives us a lot of technology which can be used in other areas so based on this technology we started to diversify our cells and one of the examples like. computer tapes we now manufacture more than sixty percent of the worldwide demand. and it is how thin it is is like coating one liter of water over forty five football fields even the that's a thickness that you need to have a very high end community so basically you looked at not a product looked at your competence as well as what you do streaming well and apply it to other fields like cosmetics what makes made you go into because we have this a nano cubic technology which is we make nano size particles. first and then we coat each one with what we call the binder so that each particles

don't stick together to make a bigger particle and by having a wood small particle in cosmetics it absorbs through your skin much better than anything else. so we've business models can be destroyed by technological advances also but but by protectionism which with which we've heard. are you worried about for example u.s. president ronald trump's rhetoric about protectionism not your access to the u.s. market i think you know. the market should be free same for japan and same for the united states i think that's the best you know you. because international growth comes from free trade basically that's my feeling. but as a manufacturing company the most important things the is that we keep brushing up our own technology and the products that will benefit you know. people worldwide. and that is most important point that we should not forget but what can companies

do to protect themselves i mean if you lose access to the american market or your products become much more expensive what can companies do to protect their is a difficult question but in our case we are we we made most of our person in the united states already and also because i think you know that's part of the fair trade and. a many in this mess in the pharmaceutical area are you know made in the united states buying companies. you said buying companies you're a holding of two hundred companies now how gordon is that this branching out this by bits and pieces around the world what was that for the survival of. well you know the photographic side did drop special the films from two thousand and three. to be honest you know we had a very kind of lucky success and good success and lucky success with insects of course instant cameras which did grow very fast. but at the same time we

need to establish something for the coming future so it can be three years later can we ten years later that's why we do have a lot of investments in the pharmaceutical area. very briefly corruption is back on the agenda in japan a couple of high profile cases could happen in future. where nothing is impossible what we're doing today is giving example in europe we are strengthening our corporate compliance issues very much and we just conducted one hundred two separate training courses in the year me a reason. mr gomes arche vice president of the film thank you very much thank you very much for having the studio with us. well.

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a topic that needs your father tension. tomorrow. night on the lead. story so that people of the world over g.w. on facebook and twitter have to date and in touch. follow us on. their black and living in germany. she's reminded what that means on a daily basis presenter john up like this not being able to blend in and i was. taking a holiday group and being you know different than the rest. she traveled to germany to meet other black people and to hear their stories. it's you know. i grew up in a white family in a. white neighborhood it was definitely a challenge. she decided to put me up for adoption. so the

main thing was to keep your head down and your mouth shut of course of the face like this i could never completely disappear if you see all these stereotypes about us because it would see if. you do something for your country but you're still the black guy with an. afro germany starting december tenth d.w. . welcome to tomorrow today coming up. highly active with our brains too while we sleep.