huge transnational corporations from tech companies like apple to pharmaceutical companies like astra zeneca are hoarding cash in offshore tax havens where it's not available stimulate local economies and they're making acquisitions based on fiscal strategies money strategies rather than trying to make decisions about how to best manufacture the best product. completely lost in the debate between the b.i.l.'s the bank of international settlements and the i.m.f. the international monetary fund. over stimulus of central bank policies and strategies is a simple economic fact. economies are driven by one thing demand and the principal component the thing that makes up demand is wages. instead the financial times noted that the bank of international settlements is calling for policymakers to halt the steady rise of debt burdens around the world and embark on reforms to boost productivity this echoes the old reaganomics line that increased productivity equals a growing economy make more thing. but productivity has been rising steadily in the united states since the one nine hundred thirty s. since

when we spoke last time about the astra zeneca deal that was proposed by pfizer, it was obvious that the entire team was going to go home. he will have some synergy within division.gy this is 100% tax and version deals. there are literally no synergies between the countries, so you'll need someone to manage all of ,he franchises, you have no one practically no one to manage them, so i think that they will retain a large portion of management, so i think it's back from management will still be there but will be much lesser extent that you have seen on the astra zeneca, another thing to be taking into account is astra zeneca was somewhat of a national asset, there was some pride involved. conceiveds much less as a proud national asset of great britain. i think this will go smoother than the pfizer deal did. >> let's talk tax. we brought it up, yesterday had taken be saying that the tax and version deals where american companies are trying to avoid their own tax regimes, by up companies such as ireland -- companies in lower tax entries such as ireland. they want to back eight it. could

by purchasing a london based astra zeneca and companies like minneapolis based medtronic seven pennsylvania based mylan have announced plans to move their legal addresses outside of the us as well inversions u.s. based companies purchase a foreign company and then switch the legal address to take advantage of the foreign jurisdictions more favorable tax laws however in many cases the companies executive team remains in the u.s. the obama administration has proposed an initiative that would make it effectively impossible for a u.s. based company to purchase a smaller foreign competitor simply to take advantage of the organization's address the proposal would save seventy billion dollars over the next decade according to the administration so it's not peanuts now j.p. morgan c.e.o. jamie dimon has weighed in on the issue as well saying he's very much ok with companies using tax avoidance tactics if it's done in the name of serving investors and saving them tens of billions of dollars he said the real problem is that the tax code is just too complicated and it's not c.e.o.'s trying to shirk th

and they're avoiding taxes in the us right the same deal with the big drug companies pfizer and astra zeneca here exactly do this in reverse or take over essentially for a huge tax benefit it's terrible as much money as they're making for the multimillionaire and billionaires show hold those they're still not happy they want more as anyone from the activist community reaching out and want you to be with them in other words. the international or green baize or u.k. uncut are these any of these groups they read are they calling up or contacting and say ronnie white to come speak at our vet because i'm talking as an act of this now even though you're the top stop picker in the world are they reaching out to you yes i'm getting calls from whistleblower organizations and socially conscious you know funds and i've gotten hundreds and hundreds of messages in the last few weeks and i'll finally have a chance to sort through them when i get back to miami in a few days but ok so you're our goal on the full f.b.i. and philosophy site you talk about changing the world you talk about i guess bringing abo

they're trying to shelter them from taxes because they aren't and also you know if you had like astra zeneca you had that merger the didn't go through all the way but you know they were just right out front about it all we're trying to do is merge with a foreign company so that we are paying taxes into that system rather than here apples got you know millions billions of dollars stashed overseas up an arsonist an extra kid or three and say i did it because i wanted the tax deduction is that a crime it is not a crime it's a choice you can make you can buy a home so that you can get the tax deduction so in other ways saying that we should change any tax law for the. i like the way things work and one of the way i think about it i think we thought of part of a great shot of all horrors going to thank you for those threats are behind us coming up japan's near massive typhoon near gurley is yet another example of why we need to say no to nukes once for all tell you how why and use might be a little. dramas the truth be ignored. stories others refuse to notice. the faces changing the world writes