more money than them you're not going to get them to consume or you're going to get them to make a lavish investments in all the parts of the world you're going to get them do it invest in harebrained schemes of bitcoin or god knows whatever speculation that's what we've seen the tax cut the end of december for example gave more wealth to big companies who are using it to distribute to their shareholders they're not hiring workers the way they promised they would they're not giving higher wages the way they promised those promises are made to get the money into their hands and then they're just as quickly forgot professor emeritus in economics at the university of massachusetts richard wall we're always smarter after you have joined us our thanks thank you very much glad to do it. some companies treat their employees to perks such as sports tickets other luxury

items however after passing of a new tax law some corporations are having to cut back on their gifts and or take it in that workers are to correspondent actually banks with the latest new tax laws will soon either a limit or eliminate al many capitals game tickets and your lawyer will provide in the near future changes in the law eliminate the deduction for sports tickets concerts other client entertainment and employee meals these changes were designed to help offset corporate tax cuts according to a survey done by wall street journal including eight hundred sixty five firms forty five percent of those firms say they will be affected by the new tax laws forcing them to cut spending or make adjustments which will impact their employees big corporations will not feel the impact as much the cut in the corporate tax rate of twenty one percent lower the deductions value and as for small businesses their tax higher between twenty nine percent and thirty seven percent small firms also

operate with thinner margins and are usually more sensitive to tax rate changes some businesses have annual client appreciation day at sporting stadiums however they may have to cancel this year due to the tax loss because 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 hines 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 on earth to their employees and washington actually banks are exceeding. trying out for a quick break but hang here because when we return hillary for which the c.e.o. of drill mark looks at the highest and lowest tax rates around the globe plus we have a special panel to discuss the new u.s.

tax law and the current implications plus alex my highly bitch 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 of the votto south dakota texas washington or wyoming which ones have no state individual tax the answer right after a break will be that. you know world's big partners. mark 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 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. counting 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. welcome back the answer to our quiz question which of the following states have no income tax alaska florida vaga 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 stroll 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 county out 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 before christmas emotion in 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 get you on the sales tax also i lived in the netherlands of the global headquarters of k.p.

and she 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 when you're not paying for kids' college education and you'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 credit it's a zero sum game unless the same way every whenever we talk about gas prices in the us which states are the highest because of the state tax and then when you talk about international petrol prices you look at france and you know what it's actually this is like the general dollars a gallon really for your leader or whatever and it is just because of taxes but when you go into math after the galileo let's go to which are your car via my caviar which are the lowest individual tax rates in the planet where the world where you want to if you want to just go and also that means that never go shopping never if you want to live in somewhere with a lowest income tax rates that would be cayman islands but harmer's more if i'm

done with it so far you know in monaco monaco switzerland ok and what were the highest tax places for individual say we're 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 high are very high they're all around fifty percent mark yes and what about if you're a company as soon you will go to the caymans or. 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 terre chad is really high in corporate tax rate in income tax rate i guess they don't want people in they don't 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. united states and countries like united are our of arab emirates and we there's been lots on the news the last several years

about ireland being a low tax ninety percent much to the chagrin of a lot of e.u. companies that you in general and an apple except they went there for the low tax rates is that changing a little bit now what it is because everybody is getting getting the idea that they've got you know the tax base and they lowering them in the u.k. obviously to compete also with alan and they just apple has made that decision they were not going to actually it was apple or amazon not going to actually build a big plant near south a gall way in western ireland and part of the tax treatment was because part of that decision that they made hillary sword with no nos i was that they thought that in europe also don't forget they got penalized countries that do business there like starbucks 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 pretty sure to add to that i thought yeah. oh.

here to discuss taxes and the impact on not just companies but individuals and families is 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 but 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 cut 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 would happen as far as the tax changes would benefit and what what ended up being is that these tech these buybacks are happening and instead of investment happening as far as companies building more factories here in the united states they're again purchasing back their shares were running in the pockets of investors and in addition they're 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 their 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 take

it the other prison 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 so you well investors are shareholders i mean who has shares of all these companies who has for a 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 could 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 that taking jobs overseas then why would. record low unemployment what is sixty eight percent of the people polled by c.b.s. last week to give donald trump credit for the for the good economy and why do sixty

seven percent. of seventeen year high of people think now is a great time to find a good 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 in a morgan stanley report that's not really hard evidence that the money is actually getting to average folks you know do you have it is there some out there. well again i mean that there it is getting to average folks even through the stock buybacks and the increase in share prices in 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 now i'm not i'm not sure that they're 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 the 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. himself has hundreds of these alcee so people are seeing that this was obviously not focused on what they're doing it's where it was on the needs of the red 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 talk of concentrating 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 say well we'll see 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 to 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 mauls we appreciate your time thank you for thinking where. there's a new piece of texas law that could impact your personal life and marriage archies alex my hyla which 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 unmarried 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 challenging 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 again look if you're writing ten thousand dollar 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 it's 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 you talk to new york magazine and he. call the pre-nup are paid for 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 youtube youtube dot com slash boom bust archie or on directv channel three twenty one will catch you next time.

with manufacture consent to stick to the public well. when the ruling classes protect themselves. with the fine merry go round be the one percent. in the middle of the room sick. of this country not only stupid but great. and the good. and the guy next.

to. take. this is i'll tell you a tough time in the last sixteen showdown between sweden and switzerland in the fee for world cup both teams still have all to play for the games so far but if there's one thing the swedes can count on it's that pumped up plans. it's also d.-day for england with both looking to secure a place in the quarterfinals of moscow in three hours time. and other news approval ratings show donald trump picked up growing support in the hispanic community despite his controversial border policy. hello from moscow it's tuesday evening at

six here i'm calling brian i'll have you had a line use a little bit later on before then as the second half of the sweden switzerland knockout match gets going let's go live to daniel and. his book. hello wherever you are watching from today a very warm welcome it's beautiful she writes in the hearts of russia's capital st petersburg odds that you hawkins i mean where here for the remaining two matches of the last sixteen now the world cup quarter final draw will be confirmed by the end of the day and start sweden against switzerland here in st petersburg and that second half is literally just about getting on the way the game is still. some

great shots. at the two charges for sweden you can walk out of. place go over. like this play rugby there are sort of football was the supply side up for us in particular our last chance by five minutes before half time free at the back post he's got to get his head over the ball and keep his body down and like you said wildly over the bar and they'll be disappointed because we didn't i think it had the better chances of the other three are really pressing the that this was the pass to be has to be said not give them any space to to maneuver in midfield really pushing them pressing for the ball which is impressive from sweden given tops six side which probably not many people would would think first of all you know but there you go anything can happen in these games just kicked off there in the second off the first minute being played it's the first meeting of course between the two countries of the world cup at least the swiss had its last sixteen clash. in the tournament so far however the last time they made it to the quarterfinals when they

were the host nation back in one nine hundred fifty four now sweden's fans are confident that they'll come out victorious today and they were heading towards the stadium a little thing. single creating frankly really fantastic atmosphere and i managed to catch up with some of that. was that. the. he was st petersburg sweden getting ready to take the switzerland in that last sixty think clash could potentially step up to the final tie with the blades if they manage to be at columbia and that these funds are in really loud voice. about the team's chances today i mean there was there was no use in the past

the. cat of the los cabos than was done to stand on the. run of luck out of all over the was meant to do that was. now it was very difficult not to get into the spirit of things with the post sweden found that they were creating quite a fantastic atmosphere and before going into that game i actually found seeds of switzerland in this tie but with a number of fans there today don i actually think that the support of those swedish funds getting behind the team could help push them over the line yes c.e.o. of blue and yellow just lighting up wherever they go in russia st petersburg county obviously thousands here really crazy noice what some of fans there then not so happy with second place are they trying to outdo them in terms of support really

getting psyched for the match as well they told us they are expecting you tough game and it has been a very tough game so far lots of chances could do all the way to extra time will be maybe even penalties as the other games have gone hopeful that team will progress throw to the court. donal's one way or another. will be very hard to get because sweden has a good team. they played very well in the qualifications and in the world cup fact. unfortunately they will loose what is maybe a polish game and the chances are fifty fifty at the end we will be in two against one. another game a lot of people be watching very closely so i certainly will be watching england colombia. stadium and moscow now the only world cup meeting with. all the frost england one not two nil free kick england have never lost the south americans in their four other meetings so perhaps putting bode well for england there i guess at this time the colombians will likely be without their hero from four years ago

today how ms word really gets so that's going to put a lot of pressure on the key but then if we've learned anything from this world cup so far is that anything can happen that the fans are high spirits the fans silent believe anything could happen sixty five thousand of colombia supporters here in russia accuse number isn't that two to come all the way from from of the sport their team just shows how much faith they have so far all their vocal support does seem to be working today ahead of the clash with england a good number of them of can. go just a few couple hundred miles away from me on the street from yeah as we say from the from parents self england fans on the ground though both sides seem to be doing their best to drown each other out off the pitch before they meet on the pitch and self. on.

a. now i had all of the wealth cup here in russia some british media outlets were publishing quite alarming obstacles about the potential dangers fans could face and often the poisoning of russian double agent and his daughter in the u.k. the british prime minister to resign may said that no m.p.'s all members of the royal family would be attending the championships now we caught up with something the fans here in moscow oh here in russia they played a friendly game against a rival russian team and i asked them how they've been finding the tournament and whether there was any reason to worry. yes that's.

right oh. everybody came to. us because i was told by would persist media. media. 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 would be think we suddenly under-representation i think a lot of our friends and family with laughter heads about us going and they think we have a good time but the site was the message you know we had media in the u.k. said yeah you're going to get killed if you came to russia basically so. he's going to look for anything. do you think that maybe harry and the model and. our we should have had i think if anyone comes it probably will be prince how we may have maybe harry i know. it's a big england. maybe i'm not sure of my grandma. maybe american football.

was that. you. and i was have been saying it just over fifteen minutes played now sweden switzerland england and colombo. the other major game taking place nine pm moscow time later today will be a really monumental game for both sides crack a rematch as well and only getting out of his from former denmark goalkeeper peter schmeichel. neil harvey in fact he's brought that. next to the kremlin neil take it away. many thanks gentlemen as always we accompanied by music it's very fitting because i'm joined in our studio by merriest irvin skate he's the conductor. and also the russian state cadmium of russia and significantly is a descendant of the legendary russian composer egan's difference be one of the greats of the twentieth century thanks so much for coming to join us i'm enjoying the company with that we have a fantastic to be here now when it comes to passions where do you rank i know

you're a big football fan where do you rank you're sort of sporting passions compared to your musical enthusiasm of course music's number one for me but football has always been something which i love since i was a kid growing up a soviet union. i was a huge fan of. lindsay because my father pfleger when you kind of carried on. immigrate to england support everton england russia as one teams those your team so how do you feel about the way that england are progressing in this competition are you nervous about the game tonight i think we're all very nervous very anxious when the favorites are colombia we think our favorites but we have a chance and we're here i think is fantastic and something which i think we also have to be because a year ago i think if we were told that we were the last sixteen with colombia in front of us and maybe an easier route to the point i would be ecstatic to tell me about your russia twenty thousand experience i know you can but if you travel around and actually see some of the games you're attached to just because i came this morning on the crazy fun train which russia.