under williams chief executive of a tech consulting incorporated says quote we have season rams tickets the invoice is sitting on my desk do we do this or do we not what is our return on investment joseph hine c.e.o. of voice and data networks incorporated says he had to sell off the company's extra seats because most of the company's owners could no longer deduct the expense as a result some teams are exploring options as to how they can help companies claim deductions tony not c.e.o. of ticket manager incorporated which manages and track sports tickets for businesses says usually when we hear teams talk about an increase in non renewables winning teams and big markets are immune we're getting calls from teams that are winning that have huge fan bases saying we're losing customers because of the deduction sports teams aren't the only ones taking a head restaurant and catering businesses are suffering as well so much so businesses are cutting back on and plea dinners and events the owner of do par and

company says we had an absolutely dead january february and march some businesses have also had to stop reimbursing employees for commuting expenses because they too were no longer deductible these new laws are set to take us back to this year possibly changing the perks that businesses offer to their employees and washington actually banks arts he. can up for a quick break but hang here because when we return hillary for which the c.e.o. of draw mark looks at the highest and lowest tax rates around the globe but we have a special panel to discuss the new u.s. tax law and the current implications plus alex my tells us about a tiny u.s. tax provision that might impact life love and finances as it goes or we do go to break here's a quick question for you which of the following us states have no individual income tax the last the florida nevada south dakota. texas washington or wyoming which

ones have no stake in the visual effects the answer right after a break will be back. they're not going to come out on other than not are not going to get that cut out of the mouth of the money that they let actually. this was a good time to. try to move their i'm. not down the line definitely not why not act and then again why exxon and the old people we believe this will be a. lot of my kids i don't want them up with john even

a lot of them on the totem other how do you suppose there were a lot of them and i'm a little like community old enough to want to think i don't want to put out a look at my worst party when i don't know them other brother dick. you know world of big partisan logs and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bats and shouting past each other it's time for critical thinking it's time to fight for the middle for the troops the time is now for watching closely watching the hawks.

welcome back the answer to our quiz question which of the following states have no income tax alaska or florida that are south dakota texas washington or wyoming the answer is actually all of the seven listed none of them have individual income taxes did you get it right it's sort of a trick question. and now we focus on tax rates around the world to lend us a hand we're joined by our friend the c.e.o. and founder of straw mark the rift word which hillary thanks for being with us first of all what are what's the best place to live from a tax perspective well around the world i think is an interesting question and good to be back again by the way i have a can be up for that actually which is you know tax rates might be low and they might seem to be low and brokaw's to be low but when you actually live there or do something that you find that the government gets your taxes no matter how margaret

thatcher used to say there's no such thing as a free lunch i've got to tangible examples i bought a bottle of champagne b. before christmas in washington d.c. . and then coincidentally i happened to be in texas a few weeks later and took a bottle of piper heidsieck that i bought locally to a family seven dollars difference tax is a non-tax state but they sure got you on the sales tax also i lived in the netherlands of the global headquarters a k p m g was based in amsterdam and of course the taxes there astronomically high in america is i'd never want to live in one of those high tax countries meanwhile no one's paying for their kids' college education we're not paying for kids' college education they're not paying for health care out of pocket that makes a lot of difference the government gives you a lot more in those countries so there is a lot to consider and there are a great many nuances to that but it's a zero sum game unless the same wherever whenever we talk about gas prices in the u.s. which states are the highest because of the state tax and then when you talk about international petrol prices. yeah you look at france and it's you know it's

actually dollars a gallon really for their leader or whatever and it is just because of taxes but when you talking to math after the galaxy oh let's go to which are your coffee and with my caviar which are the lowest individual tax rates playing the planet where you will where you want to if you want to just go and also that means that never go shopping but if you want to live in somewhere with a lowest income tax rates that would be cayman islands but homages more if i'm done with it so far you know monaco monaco switzerland ok and what were the highest tax places for individuals stay away from sweden sweden is the highest in all of europe i think it is like nearly sixty percent but all of the scandinavian nordic pretty hard are very high they're all around fifty percent mark yes and what about if your company is the same you would go to the caymans or the horses yes but mutable you to there's no corporate tax rate there's no corporate tax rate also you're right in the cayman islands you know it's really high it's chad the united states is sort of

third highest in tear chad is really high in corporate tax rate in income tax rate i guess they don't want people of that want companies but the united states is about third highest in corporate taxes i would say that on the on the high corporate tax rates you've got china and united states and countries like united are our of arab emirates and we there's been lots in the news the last several years about ireland being a low tax nine percent much to the chagrin of a lot of companies are you in general in an apple x. they went there for the low tax rates is that changing a little bit now what it is because everybody's getting getting the idea that they've got to know the tax base and they lowing them in the u.k. obviously to compete also with ireland and they just apple has made their decision they were not going to actually it was apple or amazon not going to actually build a big plant near the south or galway western ireland and part of the tax treatment was be. was part of that decision that they made hillary sword with no no i was the

story but in europe also don't forget they've actually penalize countries that do business their lifestyle box and don't pay the tax rate in those countries so that oftentimes is going to be a fine and attacks in like in the e.u. so you can't just avoid it they're on to it now thank you for giving us a global perspective hilary which brings your total to thinking about yes. here to discuss taxes and the impact on not just companies but individuals and families as susan the harley the deputy director of congress watch a public citizen and steve most bird conservative t.v. and radio host thank you both for joining us susan let me go to you first we've had several months of the new tax bill being in effect and we saw a lot of companies that were going to give employees some raises and put some money into some pretty good things for individuals but recent reports of come out and said that what some of the what

a sixty percent of the companies rather are doing is stock buybacks and dividends now is that a bad thing a good thing what your take. public citizen feels that the benefit for the tax cuts should be going to families and hard working americans and as you just mentioned there been record amounts of stock buybacks meaning that companies are purchasing back their own shares and thus lining the pockets of their investors this is not the trickle down theory that we were taught to believe what happened as far as the tax changes would benefit is what what i'm good being is that these tech buybacks are happening and instead of investments happening as far as companies building more factories here in the united states they're again purchasing back their shares were i mean the pockets. investors and in addition

there are increasing investments overseas so we're going to increase this trend moving forward unfortunately. yeah we did see that with the with harley davidson which is one of the companies that both speaker ryan and the president touted as really benefiting in the closing a plant in kansas city and moving some of those jobs to york pennsylvania but also shifting some operations to highland but steve i also imagine that some might say to take any other position the other side is that well these investors are americans they're investing and if they get a dividend maybe they'll go buy something that'll help other other folks so what say you well investors are shareholders i mean who has shares of all these companies who has for one k.'s i mean the stock market is roaring people's retirement accounts and other not retirement accounts are soaring because of what these companies are doing but let's not forget company after company and you can go

back and google all the companies that lined up after the tax cuts and gave bonuses to their employees who came here and said they're going to invest in new plants and new hirings and i got to tell you if things are so dire and these companies aren't hiring and they're taking jobs overseas then why are we at record low unemployment what is sixty eight percent of the people polled by c.b.s. last week give donald trump credit for the for the good economy and why do sixty seven percent. of seventeen year high people think now is a great time to find a quality job that's a twenty five percent increase in that number since trump was elected not to mention small business is that a ten year high when it comes to optimism so something's going right. but steve is there any evidence because the anecdotal stuff i agree was great i was really psyched about what companies said they were doing but the bloomberg report morgan stanley report. that's not really hard of

a to money is actually getting to average folks you know do you have it is there some out there. well again i mean there it is getting to average folks even through the stock buybacks and the increase in share prices and the increase in the success of the and the value of the stock that's going to average folks right off the bat as far as going to employ on i'm not and i'm not sure that i mean i want to help everybody but i'm not sure that you know investors and starker are actually all average but susan what do you what do you think i mean are there places where we can see some of the benefits of tax reform actually making it down to average families if you're talking about what average employees are seeing polls are coming back time and time again that folks are just not seeing these benefits in their paychecks and so if this was actually happening people would be saying and they would be happy they would be supporting that tax law but that's not where we are the majority of americans dislike this tax law partly i think that has to do with

the fact that this is self dealing everyone knows that congress a lot of them actually make their income from l.c.s. are passed through these types of companies that received a huge benefit as far as the tax cut donald trump himself has hundreds of these. people are seeing that this was obviously not focused on what their needs were it was on the needs of the rich and well c.e.o.'s if i had my eye go ahead larry that we haven't talked about the individual side of this we're talking to trading on business let's talk about the individual most people in this country do not itemize they take the standard deduction they're going to get a doubling of that standard deduction so right off the bat that benefits the average american family who the estimate is will sit well about two thousand more dollars in their pocket not paycheck to paycheck necessarily right off the bat but when they file. their tax returns so as far as the polls that say people are

dissatisfied that is absolutely true but i'd like to ask the question are you for raising that tax rates back to what they were do you want a tax increase if the democrats take over the congress and see what the answer to that poll question would be a big fat no we're going to we're going to have that we're going to have to unfortunately leave it there but a great discussion and we may have a chance to see what will happen next year on this i thank you both so much susan harley and steve malzberg we appreciate your time thank you for thank you where. there's a new piece of tax law that could impact your personal life and marriage artie's alex my hyla bitch brings us the latest from toronto. well as most of you know premiums have provisions in there which say how much somebody is going to have to pay alimony or spousal support when marriage is done now this can be

tossed right out the window let's say if a prenup was actually signed under duress or sometimes even if it was signed too close to the wedding date it just might be null and void well now there's another factor that's coming into play here and that is the fact that this can be challenged under the new tax laws that trump is bringing in now starting in two thousand one thousand payers of pre in the prenuptial agreements will no longer be able to duct alimony payments so up to now they've been able to these things and when you're here in the highest tax bracket that could be a lot of money for example if you live in california or new york city you're almost paying fifty percent in taxes so that's look if you're running ten thousand dollars checks for alimony that could be looked at twenty thousand dollars because you cannot deduct these checks anymore or the amount that you're paying anymore which is a lot of money obviously now republican lawmakers said they limited the alimony deduction to end what they call a divorce subsidy under the old law but there is

a bright side to this tax dollars that is going to be a lot generated here we're talking about six point nine or six point nine billion over the next decade and also if you had a divorce or separation that was finalized before two thousand and eighteen while you're ok then you're going to be exempt from this completely starting next year though this kicks in and get this this is really an interesting provision here recipients who are getting the money are going to get it tax free up to now it's been a part of their taxable income so a little bit of a switch there now attorneys are saying that this might complicate things that even complicate marriages in general just imagine having a say hey honey let's go redo that pre-nup we did a few years back there that's not a good thing for anybody and you know what even president trump knows that back in two thousand and six and he's talked to new york magazine and he. call the pre-nup are paid full ugly tool and if anybody knows anything about divorce and prenup well that would be president donald trump. that's it for this time thanks for catching

our taxing show you can catch boom bust on you tube youtube dot com slash boom bust archie or on directv channel three twenty one will catch you next time. in twenty forty you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it you know or here i mean you know i was put pretty well clued me in the neighborly is that i'm new school in the middle of the former ukrainian president recalls the events of twenty fourteen. those who took part in this state over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. county

firms the banks the rating agencies the government and the central bank it's called a racket the u.k. profits from it and some late that's how the aristocracy keeps going and that's not going to stop. ministries police fool says and city administrations of many countries depend on one corporation that doesn't like will still be on the board doesn't count because. this is not the guns. into the sea it's a must also. like the proprietary software you don't know the source code isn't that such a security risk when you have a black box operating in the public eye to microsoft's dependency puts governments

under a cyber threat and not only that he thinks office put it more on. the office of the assistant this is selling this this is clearly one of the more. traumas out there with this you will see all of this the. police this is the i still post i mean don't miss the old vision stopping there was a student who was a front is up and his cards on the fine. but got the ball off and up until. this minute oh i did. not write up was the us what got us thinking. what.

mexican fans have been on an emotional roller coaster this tournament topping the group stage but now i think. for a while that brazil go through to the quarterfinals mexico japan on their way out. plus approval rating show donald trump picking up growing support in the hispanic community despite his controversial border policy. hello from moscow it's tuesday two in the afternoon here welcome to this hour as news around. with me call them bright plus the very best of russia twenty eighty. thank you.

their teams are in moscow and st petersburg for the last day of the knockout stage in the world cup tonight colombia will play to england in the russian capital but three hours from now sweden will kick off again switzerland fans are already gathering in some petersburg ahead of the. i. i. i i. i. oh teams have been gearing up ahead of these crucial matches for group winners colombia the game against england could be the chance to break a long time jinx they've never beaten the three lions before and some former colombia players are convinced of this team's ability. but. there. are only days that when we put them in colombia i did something really

amazing i don't know of any other cases or a team had lost their first match and still finish top of the group it's unprecedented what they did but they did it and taking into consideration colombia's comeback there's hope that they can make it to the quarterfinals like they did in brazil. when i left it to a new process for sixteen years colombia couldn't qualify for the world cup something was wrong all the time then new blood came and mario was there he started gaining experience began playing on the international arena in argentina france italy and the game that experience and passed on to his teammates the hardest part is now behind us we had to win two matches and that's what we did you know we're going to score a win against england all right let's cheer for clotted now whatever that they may have oh my god there's some sixty five thousand colombian fans of here in russia to cheer on their team that is seems to be working and this one fan in particular who

is always in a flap when his teams on the pitch. well it has been appropriate for them to. see something like he's been supporting the team on a rebound we see it's like being a part of columbia and now we can only really show up for these fun does he just come across. and you know he's not the only but he still has the energy because that's the you see. the whole you'll sink in bengal to me until they've been. bought up ahead of me there's a pretty it's a sentiment that you will make long go to continue unless i lost being good and you know we had a bottom. i need to be i think is our presence is not going to you know. move to the uk on the set into c r c two being

did it come with very many now got there that i listen to you. follow. but i'm here who was right but i was saying tough so maybe i'll push but i mean media focus will be the hormone meet me face told me they're going to send back and forth with. the. no no no no no no no. finish your. face no sunni you're going to play field you put up media they cut us any stone cold yeah they put us into. be the right sort of property are going to pick one up with us if you call on the people who stole his style you know they lose don't. know good imo the un says cool put it.

it's a good thing though didn't see you on the list as a little one of. those. see. these things. before any of this started ahead of the world cup in russia the british media publish several warnings about the alleged dangers that fans could face and i was country and after the poisoning of a former russian double agent and his daughter in the u.k. the british prime minister said no m.p.'s are all members of the royal family would attend the tournament well some british fans then who did actually make the trip about their experience here. get your oh my yes. oh oh yes that's right oh oh you back oh well everybody i came to

russia wearing a spotted moscow shirt because i was told by all the precious media much of the british media they'll be a lot of fun drawing it's so i didn't know what to expect everything's been fantastic the border guards spoke in english they've been smiling people in the street will be polite well i think we've suddenly under-representation i'll think a lot of our friends and probably with laughter heads about what's going on they think we have a good talk about the site for the message so we had media in the u.k. said you're going to get killed if you came to russia basically you know what. he was going to look for anything. do you think that may be harry and michael on our kind of our we should have had i think if anyone comes it probably will be prince harry out maybe harry i know howard is a big england. maybe i'm not sure if my grandma calls and civil war yeah maybe american football. the words in your opinion football where was it born who invented it running with.

it when say the lyman's was if it bit you saying we did see football so to speak despising the things you've got to say but don't take my word for it but fifo kind of begs to differ with that because they're actually believe you did you were the chinese who played the first game of football was a catholic maybe maybe sell yet all i thought is the romans yes earthlike is really whatever you so called all saying london is coming home soaring was democracy. meanwhile here's a blast from the past thirteen years ago check out this picture of a young harry cane the current england captain seem posing there alongside david back and that was the. captain back then at the time that was at the launch of back in football academy for talented children incidentally harry is now set to marry the girl in the picture as well right sort of the big magnetic ball that let's recap who's doing what and where we know what's happening with these four sweden

switzerland colombia and england only two of those are going to get through by the end of tonight we'll know which team they're going to be sunny though already in the quarter finals we go on friday europe why against france then on saturday hosts russia go head to head with croatia also there then we've got brazil they'll be taking on belgium after they kicked japan and mexico out of the championship last night talking of which let's take a look at the highlights and heartbreak of those encounters. but we knew it was going to be tough. but i think we controlled defensively we are

really strong and. the quality of our players they made a difference so we were really happy with the game which i suppose we have to be proud of the things we did well we had a great game against germany with korea we dominated the ball all the time today was difficult but we have to learn from our experiences. was it was. the old

it was. was i got the guys out of my life i'm so sorry i started i don't russia i would be general director of speak to dish a good game simple. we know the awfully good the full range once for the world cup . and. show how to be due to be dressy that you need to be under it for some sleep and even enjoy it one hundred twenty percent of your capacity and mentally physically a. defining foresting for everybody in the team. from two zero down to treat two it's a beautiful moment for all the country when these tools. we need to. edging rests for the next game because going to be tough but we are still. totally focused on everybody who's and that's the same.