after suffering a heart attack that he's one in one, a serious tina to victory in the 19th and he seeks will do what you do. news line from birth in frisco has the latest business news after a short break, and then i'll be back with more news at the top of the gemini, which any time, any place names, video never have i got the benefit of songs to sing along to download it is to come from super to

do a very good causes. cliff into active exercise is the kind of thing about that d, w don't come slash donation and on facebook in the uk still in german for free. but the devil, you know, from the famous notices are out and have been received. friends pushes ahead with a digital tax on the lives of apple albums on facebook. google, the move is likely to anger the united states would says american companies are being unfairly targeted. also on the show, as a booming on live competition weren't enough, now they've been damaged, as depriving bookstores of much of their walking traffic. we tell you the story of one shop in washington, d.c. and bitcoins, while dr. contin use the cryptocurrency is value tumbling. just after one day after

failing to make record profits. i'm chris cuomo, welcome to the program. francis pushing ahead with a digital tax that will target some of the biggest tech names in the world's, the levy will see the likes of google, facebook, apple, and amazon, forking out millions the companies will have to pay up as soon as assembler. meanwhile, talks about a global digital tax continue. the organization for economic cooperation and development says a tax of around 10 percent on profits could bring 100 $1000000000.00 a year worldwide. the timing of this discussion is quite significant. since the pandemic struck tech companies have been fairing very well while other businesses have been flailing their profits have soared shares and both apple and amazon have left their on 60 percent since march as a result. meanwhile, the e.u.

has been complaining that apple pays less than one percent tax on its european made profits in the united states. alison just paid 1.2 percent tax on its profit last year up from 0 the year before. now $137.00 countries have agreed in principle to a digital digital tax framework, but they can't agree on how to go about it. meaning a final decision has been delayed until next year. so now friends is pushing ahead with their plan for more. let's bring in sven gold. he's with the german green party and a member of the european parliament and chairman of the economic and finance policy committee there. welcome to the program, sir. is it wise to start charging this tax december just 7 weeks before a new as new u.s. government will be sworn in i think it is

the why, but of course it can only be beneficial and appropriate front has been waiting for 2 years after germany has not agreed with going ahead with the european version of a digital tax on the other side. oh, american partners have gone ahead with the big corporate tax of phones, which has cost european taxpayers billions and afterwards understandable that doesn't front france doesn't want to wait any longer. however, i think the biden administration deserves a chance in the o.e.c.d. negotiations of about how for a year. now, the current us administration has vowed to retaliate with terrorists of about want to have $1000000000.00 on french goods. how secure a position itself should be biden and ministrations stick to that plan? well, 1st,

i believe that america probably gets into trouble with such tariffs, be coarse, and they may well not correspond to w t. o. rules. however, i believe that we should be restyled beleaguer, she, asians, at the o.e.c.d. for digital tax reform, but also for a global deal on corporate minimum taxation. if we achieve such a deal, this would be economically more efficient and also in the end bring more income. now and that note, britain, spain, italy, and other european countries have also announced their own digital tax plans. but doesn't that make a compromise within the o.e.c.d. very unlikely to say the least. i don't know. also, biden has announced that he will go on to tax loopholes. so also america has an

interest in international vo. and therefore i have great hopes when it comes to this and don't forget, after the corona crisis, the company compass, empty everywhere. so we depend on efficient and justified taxation, and the digital tax pro guides, of course, illegitimate income and unfair competition between the digital business models and local business models. and therefore, i think the case for the digital tax is very strong. cindy told of the green party, a member of the european parliament. thank you for talking to double pleasure. now the most important time of the year for retailers has began with amazon and others vying for shoppers attention and their money, of course with have to discounts mainly online. now. meanwhile, it could be a solver shopping season for many bookstores. because with the pandemic forcing

people to stay home, they are already challenging battle against the competition online has only become more difficult. downtown washington d.c. seems deserted. employees of the many think tanks, banks, and international institutions based in the u.s. capital, are working from home before the pandemic, at least 15000 passengers took the metros redlined to work every day. these days it's just 1500. that's one reason why small shops in the city center are losing customers. like this antiquarian bookstore, washington is free from a virtual ghost town. 90 percent of all for traffic has ended between people not coming in. the worship or community is not going on the street and there's absolutely no tourism, which was part of our general sales. every allan's type extort had to shut for 6 months, government coronavirus assistance and able to him to keep his 40 employees. and his

landlord kindly lowered his rent for a time, but that's no long term solution. so he's had to rely on his internet business. we have $25000.00 books on amazon, and amazon is one of our income platform streams that runs co, hourly with our perks and mortar stores. and they're reasonably be internet was seen as one of the biggest threat to these small businesses. but the pandemic is now a much greater evil. small bookstores are among the biggest losers due to the lock down and internet day and like amazon among the biggest winners. last quarter, the internet retail giant posted a profit of more than $6000000000.00, the largest in the company's 26 year history. that makes booksellers like alan, all the more it's a pendant on amazon back it continue even after a lockdown since there's no guarantee that customers will come back to stores. and

now to some of the of a business stories making the news to talk can keep dancing for now. the u.s. treasury has extended by a week the deadline for the apps, chinese owner to sell its american business by dance and has until december 4th to get rid of tech talk, which the u.s. government believes can be used for chinese espionage, burns, economy, economic emergency leave because of the pandemic has only just begun, according to the u.k. finance minister, the economy is expected to shrink by more than 11 percent this year and not recover to pre-crisis size until the end of 2022. government borrowing will rise sharply to deal with the economic impact bitcoins roller coaster week continues with the virtual currency, losing $1000.00 or 6 percent in asian trading. the sell off comes the day after bitcoin closed in on its record, high of just under $20000.00,

known for its extreme volatility bitcoins. value has roughly tripled this year on a let's say there are a number of factors driving the rally, including a scramble for assets that can protect against inflation and a growing number of platforms that facilitate that country. let's get more of this from d.w. financial correspondent, ashutosh panday in frankfurt. ashutosh bitcoin had been surging lately. why did the rally suddenly stop? well, chris, it seems like investors are booking the profits. you just mentioned that the coin had been on the ted this year, and it's, it was only expected that there would be some sort of a correction before it actually breached that record level. so that's what's happening. but this is certainly a nervous time for many of the late entrants who joined the party quite late,

doing the rally. so those guys must be really nervous at this point of time, given the penchant for big corn for boom and bust. and that's going to be what he saw and many of these late and mind you were actually retail investors. so i have to drop in value today. are we going to see a repeat of these spectacular 2018 bust which has been painful for many it's very difficult to see anything for certain do when it comes to bit coy. however, this time actually analysts feel that things are a little different from what they were in 2718. for one, there is more acceptance for digital currencies and even central banks are actually piloting digital currency. so that's one. then even though there's been endorsement from institutional investors and public companies including from pay pal, which i actually allowed its customers to use crypto currency. so that's a positive for bit coy. and that's the reason why many analysts are coming with wide projections ranging from $25000.00 to believe, believe me or not,

that's 300000 dollars. there's also some estimate by an analyst. and that's enough to actually buy you an apartment in washington. any city in germany as responder in frankfurt, hoping you have your apartment all set up. thanks for this reporting. and finally, the german government agreed on wednesday to extend the lockdown measures related to the coronavirus pandemic until december 20th. that means bars, restaurants and entertainment. venues must stay shut. now, a restaurant owner in frankfurt expressed his displeasure at this by filling his tables with 100 stuffed toy andas. they were served with freshly prepared food and drinks like corona beer. he wanted to bring some life back to his location, said the owner since the beginning of november,

all restaurants in germany have been closed due to the corona measures and the rest of our program for now, if you want more, go ahead and check out our website at b.w. dot com slash business for more news and background information. of course it always pays to have a look at our social media. it's a close call for watching ever sell the successful that

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a level of people both for over the fence and home, the force and for the most receiving that we can about the families at the last dragon. this war has called a halt to 3 years on the fact that we haven't thought of investing in a space ship. you might need one someday because the future of business may well lie. in the vast expanses of the universe, someone who might be able to get you safely out of atmosphere is.