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subscribe to w documentary on youtube. ah, a wait free flash commissions and voluntary redundancy, australia flagship carry, aquanda says even more cuts are needed, but a rebound in domestic travel could be the long awaited beginning of better times. also on the show, much of the world as for us, president biden is for it. and even amazon boss, jeff phases claims he's for it. so what does it take for large companies, especially tech, trying to start paying more taxes? and as the economy in the united states reopen,

businesses find themselves scrambling for work at the scope and walk into the program. things apparently need to get worse before they get better. at least that's the fall that australia and flagship carrier quantiles. with a condemning induced $1000000000.00 loss looming, the airline announced fresh cost cutting measures. at the same time, a rebound in domestic travel could be signaling better times that one of airways hopes that fresh cost cutting initiatives will help it. whether the corona virus crisis for the year ending in june, the carrier expects to book a loss of $2000000000.00 australian dollars or $1300000000.00 euros away out of the crunch. a 2 year wage freeze and a deep cut to commissions paid to travel agents. meanwhile, travel has started for railings, at least to new zealand with low cobit numbers. the countries open to travel bubble

in april. and that combination of new zealand line post to continue strong performance aquanda sprayed as low as the net cost of carrying the stranded acids from international flying operations. they've now dropped from $5000000.00 a week to train $1000000.00 a week. that's important because the assets will be stranded for a bit longer. in domestic travel, quantities expects capacity to reach 95 percent of the pre pandemic level. by the end of june. it will take much longer for its global business to bounce back from on the west coast over to frankfort and d. w. financial correspondent, conrad booth, and conrad obviously, it's terrible times for the whole travel sector. but our early find, like the ones we just saw in quantas signalling better times ahead and particularly our european airlines,

seeing similar reasons for it dependence. really, chris, it depends on how fast the home countries of the airlines are with vaccination programs and with a return to a somewhat normal life. it also depends, as an airline, if you are operating rather domestically only in europe, like right now. or if you are like last hands on and that operates worldwide right at the beginning of this, we came out with a pretty bold and optimistic outlook for this summer season. last times on the other hand has recently trimmed its life capacity outlook because of a slow unexpected recovery. so i think you simply cannot lump together all the airlines the situations they're writing different too much. conrad, one of the phone issues for european aviation is the question of state aid for flag carriers. now you mentioned low cost carrier ryan air. there had a victory in court yesterday on that issue. that's true. the court case was about

state 8 that the portuguese airline top got last year from the portuguese government. and the other case was about hope for kayla by the dutch government. the court of the european union ruled that the you commission should have provided better justification why it thinks that this aid complies with you, competition law. but you know, because i don't think that this is really a great victory for ryan that you commission now has the opportunity to provide the justification and you know, saving their businesses in an extraordinary situation. last year was what the government wanted corner bozeman frankfurt. thank you. now when it comes to the companies benefiting from the pandemic, the world's 5 largest tech company are certainly out there. it has. the network has boosted demand for digital services. google parent company, alphabet amazon,

apple. facebook and microsoft have been raking in billions. but most countries are benefiting from these profits. the g 20. the countries that account for most of the world's wealth are losing $32000000000.00 a year in on paid taxes by these large tech firms. that's according to the n g o action a. now that money could help governments foot the bill for debt taken on to deal with the pandemic economic fall out for more, let's talk to one of the people behind this report on the da back is the global tax program and policy manager at action aid on welcome to the w unders. good to have you. deb calls for over years that multi nationals need to be paying more taxes. why should that change now? was a research shows today, there is a potential tax loss of up to $32000000000.00 us dollars from just g 20 countries

and i think especially now with the covered crisis and the results from that i think given the economic downturn, it's more obvious than ever we need fast and efficient reform or the texas and to make sure that these companies actually do pay their fair share of taxes. but it's not only about how much tax that paid, so it's about where they pay. and so what be really urging for, as well, is that these companies are made to pay more tax and countries where they actually have economic activity and where they have users and not just in the companies where they're headquartered. now the european general court just overruled a decision by the commission that amazon needs to pay back tax and luxembourg. the general court said no, they don't. so the legal status seems to be quite strong here. yeah, this is like the separate issue though that's about the state a large this, it was quite an individual case there. it has less to do with the kind of global tax rules that actually govern how much tax companies pay in different countries.

and i think that's where the problem is that we have a global tech system which was designed for very different kind of economy. and now obviously with the growth in the digital economy reforms needed. and in fact, the city has tried and are trying to come up with proposals for how to better tax the digital economy. unfortunately, it looks as if these outcomes, which are to, to be announced shortly are going to be quite underwhelming. there are some post movements on a potential minimum corporate tax rates for corporate income tax that needs to be above 25 percent according to us and not the lower figures that have been discussed previously. and that reform doesn't really solve the problems of how you tax the did so economy, especially for developing countries and consider global southward tax revenues desperately needed right now to deal with a covered crisis under briefly. now that you as president biden seems to be throwing his weight on the idea of a global corporate tax rate. how realistic do you think is it that this will happen?

it looks posted that there will be some form of global minimum corporate tax rate. the question is where it's going to be sets at what's rate. and also if they're going to be any kind of loopholes, that means the companies actually will end up not paying that much more tax anyway . so from our side, we're definitely calling for a higher rate than has been discussed previously. we're coating for 25 percent or above to make sure that actually some countries don't universally end up lowering the tax rate just to meet this new no threshold. but also look at not only how much taxes pay, but where it's paid. it doesn't really change the fact that the tax would be paid mainly in the countries where companies are headquartered, which for many of the tech joins means either the u. s. or in europe under thought that noble tax program and policy manager action aid. thank you for talking to us. thank you. thank you. now more than 80 percent of covered 19 vaccine dose was given so far have been in. well here,

countries of the global vaccine supply poor nations have gotten less than one percent. how to deal with this balance is a huge question. and it will trade organization at the europe commission have been debating possible answers e. u chief ursula on the lie and welcome w appeal. director general goes the andre you ala on wednesday, as the debate rages between brussels and washington. although weather lifting coffee in 1900 bucks in patrons with booth supplies to poor countries. the idea which was pitched by india and south africa to the w t o. in august gained momentum this month after the united states backed it, but most european countries are against it. they are convinced the issue is one of production facilities. and we need to continue to ramp up production as a commission call some countries which are already capable of producing vaccines. and what's a native, a large part of a population follows you example and immediately start to shares, production place,

other countries in, since you have been under pressure to present an alternative to waving ip writes on vaccines. and now it says it has a comprehensive plan which it will present to the world trade organization at the beginning of june. now let's take a look at some of the other business stories making headlines. the german government is welcome to us waving sanctions against the company behind the controversial law stream to gas pipeline, which connects russia with germany divided administration announced the policy shift on wednesday. the ceo of bi dan's parent company of tick tock says he will leave the roll because he lacks managerial skills and prefers quote, reading and daydreaming. chinese fake, james, you mean will transition to a new role focusing on long term strategy? the rubio, with whom he set up the firm will take over states across america are moving to cut pandemic unemployment benefits

a potentially painful blow for males of people who have come to rely on them. yet as the economy continues to reopen, business owners are confronting a surprising problem. a lack of workers. the finally some normalcy boardwalks of the jersey shore. people are dreaming of summer sun and wait. ah, the peers unusable. parkins job be opened in wildwood, new jersey, and it seems like the rosy side of life is coming back again. but for the business owners, there still is one big problem that keeps them from going back to normal operations . the biggest obstacle we have right now is hiring. we are struggling like we have never struggled in our 50 year history. we cannot get enough people to fill our

rosters and hiring has become the new pandemic. mores piers has 1500 job openings to fill. the amusement park is even offering $15.00 an hour more than the minimum wage with little success. i think that it's not so much a wage issue as just the supply and demand issue, and there's less people in the workforce. so even paying more, we're not seeing the numbers that we need to see. 8000000 job openings are available in the u. s, but they largely remain unfilled where there are many reasons for that. it seems that the large corporate relief payments are one reason why many low income workers believe they're better off with unemployment age than working a paid job. student workers from overseas are filling in here, but the amusement park owners say slow visa, processing and close borders are another obstacle the there's

little delta v again with children and kids. enjoying the right question is, will there be enough personnel to operate and that special thanks for watching every stuff as successful ah, the news the news too or not to well, what about a sharing economy change in thinking is changing the economy to create something new to nomics magazine in germany next on the w.

happiness is for everyone. human payments that are very different from primates. we have a totally ridiculous romanticize view nature a there and david and this is climate change practices, happiness, improve books. you'll get smarter for free d, w books, funding. ah, me, me, me. i think there's a world market for maybe 5 computers. that's what i b m chairman thomas j watson is meant to have said back in 1943.