the measure would require tax havens like the cayman islands and the british virgin islands to introduce a register revealing the beneficial owners of assets held in thosejurisdictions. the government accepted an amendment to the sanctions and anti—money laundering bill, known as new clause six. we've listened to the strength of feeling in this house on this issue. and except that it is without a doubt, the majority of you of this house, that the overseas territories should have public registers ahead of it becoming the international standard as set by the financial actions task force. we will accordingly, respect the will of the house and will not vote against new clause six. money laundering is estimated by the crime agency at £90 billion, and this is facilitated by the secret ownership of companies allowed in tax havens. unfortunately, the british overseas territories and crown dependencies are major actors in this. it is time for secrecy in all of these jurisdictions is now over. and we need transparency so that we can minimise the abuse, be it tax evasion, tax avoidance, or the laun

to it but having said that a thread that there's opposition from the territories involved the cayman islands british virgin islands the premier of being very critical and also bermuda so you have to wonder will it actually happened there and if it happens there will the money goes someplace else there's a lot of money involved in this courting to the financial stability ports boards recent report alone cayman islands there's money stashed away there in shadow banks to the june of four point seven trillion dollars and while that's a lot of dirty money well thank you very much for covering that story for us from frankfurt there. european commission president jiang says he won't be held hostage he's refusing to talk trade with the u.s. while it threatens the e.u. with tabs and if no deal is reached the task will be back on the table alast say now is the time for the european union to take decisive action the german government says it's julie noted the extension and expects the exemptions to become permanent here's what you had to say. to sort this we've taken note of the decision but i'd like t

the cayman islands, other places will have to adhere to new rules.in. it is like the paradise papers all over again. what happens in these territories, the allegation has been shell companies are set up which allow people in effect to hide real ownership of their assets, because it is in the shell company and very ha rd to it is in the shell company and very hard to find who the real owner of the assets. zaleta lot of people use these to hide their money. it tells us these to hide their money. it tells us that the space for people to do thatis us that the space for people to do that is narrowing —— it is that a lot of. the government is forced by strong feeling in parliament to accept that in these british overseas territories they will force a public register. you will have to see who the real owners of assets are. many things are owned by these sheu are. many things are owned by these shell companies, property in the united kingdom, all sorts of things. airlines. all sorts. people use them to hide their tax and ownership. i have some feeling for th

in 2009, we gave the people of the cayman islands a solemn pledge in this house, and said we will notslate for you in these areas of public responsibility without your consent. and by this measure today, we are breaking that promise to them and it is beneath the dignity of this parliament to do away with that promise and that pledge of good faith. another veteran, tory disagreed. as the cayman island has a rather better record than some of the other british overseas territories, it does co—operate very closely with our lower authorities as the dependent territories do, it is open to the cayman island governments to consider the matter and act on its own accord, given the steer this house is giving to it. i completely concur with those remarks, and people have said to me that the areas where we have intervened, and i do think we intervened with huge reluctance, the areas we've intervened on moral issues. i can't think of another issue which is more moral than trying to intervene to prevent the traffic in corrupt money and illicit finance across the world. margaret hodge. a senior barri

it's open to the cayman islands government to consider the matter and act on his own accord.ouse is giving to it. the areas we have intervened are moral issues. but i can't think of another issue which is more moral than trying to intervene to prevent that the traffic in corrupt money and elicit finance across this part of the world. dame margaret hodge. the speaker, john bercow, has come under the spotlight this week amid bullying allegations. the former parliamentary official david lea key, who used to be black rod, said he had witnessed unreasonable behaviour and claimed mr bercow created a climate of fear and intimidation. earlier in the week, the bbc‘s newsnight programme broadcast allegations from a former private secretary, angus sinclair, who claimed he was on the receiving end of angry outbursts, mimicry and obscene language from mr bercow. a spokesman for the speaker strenuously denied the allegations. the matter was raised by a conservative mp. can i ask whether you will be making a personal statement, given your involvement in these allegations and that they are f

to it but having said that a thread that there's opposition from the territories involved the cayman islands british virgin islands the premier of being very critical and also bermuda so you have to wonder will it actually happen there and if it happens there will the money goes someplace else there's a lot of money involved in this courting to the financial stability ports boards recent report alone cayman islands there's money stashed away there in shadow banks to the june of four point seven trillion dollars and while there's a lot of dirty money well thank you very much for covering that story for us from frankfurt there. will be a lot of pushback on this story as well the european commission has unveiled an increased e.u. draft budget for twenty twenty one to twenty seven with close to one point three trillion euros but getting countries to agree on contributing more won't be easy includes huge spending hikes for defense and security twenty five billion to help countries introduce structural reforms needed to join the single currency and some brussels wants to reduce the agricultural bu

shopping no 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 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 the fifty percent mark yes and what about if your company is the same you would go to the caymans or. horses yes but mutable muta 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 and united states and countries like united there are of arab emirates and we there's been lots in the ne

to it but having said that i've read that there's opposition from the territories involved the cayman islands british virgin islands the premier of being very critical and also bermuda so you have to wonder will it actually happened there and if it happens there will the money go someplace else there's a lot of money involved and that's cording to the financial stability ports boards recent report alone cayman islands there's money stashed away there in shadow banks to the june of four point seven trillion dollars a lot of money. in frankfurt now growth in the euro day saging a shop slowdown and in the first three months of this year the economy grew by less than off of the cent in twenty seventeen the economy expanded by a steady zero point seven percent from the second quarter through to the end of the gate but initial results by the european statistics office for the first quarter of this year reveal a slump to zero point four percent now last week the european central bank warn that protectionist dangers were affecting the monetary blocks recovery made up it's made up of course of ninetee

british 0verseas territories such as the cayman islands and bermuda, will now be forced to lift the veilolling stone magazine carries bad news for lovers of rock & roll who won't be happy to hear that gibson, the maker of some of america's most iconic electric and acoustic guitars, has filed for bankruptcy. and from one rolling stone to another, legendary artist bob dylan is to enter the booming celebrity branded spirits market with his own whiskey heaven's door. according to the new york times, it will be a collection of three whiskeys — a straight rye, a straight bourbon, and a double—barrelled whiskey. you might think it is a bit early for whiskey. we will talk about it anyway. jonathan giles is back.

assets are actually based in the cayman islands.there is no transparency. there is no information about who these folks are. it took a lot of digging to even figure out the names of the principals. juan: sizer not a publicly traded corporation, they do not have to do filings with fcc to report on her income or profits. it basically takes a lot of investigative reporting to even figure out what they're up to financially, doesn't? >> yeah. and like a lot of these companies, especially when they deals real estate, there's a lot of layers of what they call llc 's. it took a lot of digging to find out what properties they owned, how they were buying and selling real estate. it turned out the two main principles were buying up million me -- millions of dollars of mansions and mexican real estate with another entity selling off our buildings across the country. amy: let's talk about the founder and chief of investments of alden global capital, randall smith, president hugo freeman. you begin your piece in the nation, how many palm beach ma

banks all set up here maybe something in your something in america something overseas in the cayman islands we will pull these banks are complicit in the kleptocracy we just have to say ok i'm ready to do some serious money laundering ok let's see how we did while we've got a nice luxury watch for max and for stacey beautiful jewelry and how about. luxury automobile again for a match you know what money laundering is highly illegal thank you so much kaiser of course. this is an absolutely amazing place across also known as the crimean dead sea they say it's one of the best spas in the whole world it's about a forty minute drive from courage to the lake so you don't worry if. you smile if you guessed but it's up look on us now that so you know but i mean you see i'm right it's what you know what i thought it was up with if you don't know if it was for them like we were you see monkeys up or to feel it's just. shoot because it's just so me or she me stuff gets you. looking at them but not deep enough to remember one of them. may remember. the. little. bit. but doesn't that make you like to be

three banks all set up here maybe something in your something in america something overstays it cayman island to go all these banks are complicit in the kleptocracy who decide to give up all and say ok i'm ready to do some serious money laundering ok let's see how we did while we've got a nice long dream watch for max and for stacy beautiful jewelry and how about. luxury automobile again for a match you know what money you want highways radio thank you so much guys of course. twenty eight team coverage we've signed one of the greatest goalkeepers of all but there was one more question and by the way who's going to be our coach. you guys i know you are nervous he's a huge star and a huge amount of pressure you have to be the center of the beach. and the great. you are the rock at the back nobody gets to you we need you to. go. alone. and i'm really happy to join the. special one. meets the real teams the latest edition of the go. to see treat is a former russian spy and his daughter revealed they first suspected an opioid poisoning and taking extra precautions what later turned out to be. isra

banks all set up here maybe something in your something in america something overseas in the cayman islands or do we know all these banks are complicit in the kleptocracy we just have to give him a call and say hey i'm ready to do some serious money laundering ok let's see how we did while we've got a nice luxury watch for max and for stacy old beautiful jewelry and how about. luxury automobile again for a match you know what money laundering is highly illegal. much kaiser of course. like nowhere else in the world india makes you realise just how big the world's population really is and inevitably everyone needs to eat india is always quick to adopt the latest in high tech agriculture the green revolution is a striking example the strong resurgence of agriculture a process that began hare a few decades ago this is time past tense out that rapid growth always comes at a price in india to say tisn't just used as a fit some far misuse it is a poison many have taken their own life soft cultivating genetically modified crops corporations granted them loans they could never pay off to buy seeds p

banks all set up here maybe something in your something in america something overseas in the cayman islands or do we do all these banks are complicit in the rights of congress to decide to give much gold to them or to do some serious money laundering ok let's see how we did well we've got a nice luxury watch for max and for stacy oh beautiful jewelry how about a cup of hot luxury automobile again for a match you know what money laundering is highly illegal thank you so much kaiser of course. these we continue to discuss only about some amateurs of the maastricht. but the six bots i know we don't we are nothing to give to the next generation of reason for which to be proud to be utopian these is the reason all of us kept. i'd quite like a swimsuit but does now time. i. kill people but. this is a special tent. it fills the freshly poured concrete from direct sunlight and rank . this section will be opened until the concrete has hardened enough. love on up all those little both of you will come up above that when you pull one of the of the president on. the concrete next is prepared according

have our three banks all set up something in your something in america something overseas the cayman islands it will do all these banks are complicit in their tough talk or say we just have to deal with well that's a pretty to do some serious move ok let's see how we did well we've got a nice luxury watch for max and for stacy oh beautiful jewelry. luxury and well bill again from that you know what money would hire. a lot of her. we did it by sunni. militants i would say i'm not american but americans helped out really. wall wart through cures for depression carcinoma shows of concern prosperity of course from store. for the price the whole world what it what and. historical rewrite ever since world war two to foment the cold war against russia against communism and. bush. the so you call me out. just like we're so used to all the real. world war two has been the story credibly by the anglo-american media and that's because they wanted to minish the role of russia. and stalin who actually defeated hitler. ministries police forces and city administrations of many countries depend on one corpo

banks all set up here maybe something in your something in america something overseas in the cayman islands or do we do all these banks are complicit in their tough talk received we just have to give mccall and say hey i'm ready to do some serious money laundering ok let's see how we did while we've got home got a nice luxury watch for max and for stacy oh beautiful jewelry how about puck home luxury automobile again for max you know what money laundering is highly illegal don't be a crook watch kaiser of course. when lawmakers manufacture consent to stick to public wells. when the ruling classes protect themselves. with the final merry go round listen to the one percent so. we can all middle of the room see. the real news room. for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of local time but there was one more question and by the way who's going to be our coach. guys i know you are nervous is a huge star among us and the huge amount of pressure you have to go meet the center of the beach with all we do and we will show you all the great game the gre

banks all set up here maybe something in your something in america something overseas or the cayman islands or do all of these banks are complicit in their tough talk or suit us up to deal with gold and say hey i'm ready to do some serious blue under ok let's see how we did well we've got a nice luxury watch for max and for stacy oh beautiful jewelry and how about. luxury automobile again from that you know what money laundering is highly illegal . much kaiser of course. four men are sitting in a car when the fifth gets shot in the head. all four have different versions of what happened one of them is on the death row there's no way he could have done it there's no possible way because the oldest did not shoot around a corner. what politicians do something to. put themselves on the line they get accepted or rejected. so when you want to be president. somehow i want to press. you to go on to be press this is what the before three in the morning can't be good . i'm interested always in the waters about how the. case should. but. there was. somebody did it look a little bit. russian foreign mi

banks all set up here maybe something in your something in america something overseas in the cayman islands or do we go all these banks are complicit in their tough talk or say we just have to say to do some serious money laundering ok let's see how we did well we got a nice luxury watch for max and for stacey all beautiful jewelry. again for max you know what money want is highly illegal here for a lot of course. united states can. use. tax on other countries'. economic sanctions are just the beginning another thing you like to do is play some military pressure on the countries a talking about. and there to be an effort to raise that country and the leader of that country. has a responsibility for the. weekend to make rules for the rest of. us without us there would be. welcome back well from alleged war crimes in palestine to potential peace in korea i'm joined now from the hague by former ambassador of the dutch foreign ministry and o.p.c. w. permanent representative mark vogel are as director of the korean peninsula energy development organization he helped forge a deal between pyongyan

banks all set up here maybe something in europe something in america something overseas in the cayman islands or do we do all these banks are complicit in their tough talk or say we just have to give him a call and say hey i'm ready to do some serious money laundering ok let's see how we did well we got home got a nice luxury watch for max and for stacy oh beautiful jewelry and how about. luxury automobile again for max you know what money laundering is highly. thank you so much guys of course. in july twenty second team. a freelance journalist working with a. militant shelling in syria. on his sacrifice quality has established a holiday such as memorial day will recognize the reporters who often risked their lives for the sake of the truth comes through the piece you can submit to your published works in a video well written form until june twelfth. so what we've got to do is identify the threats that we have it's crazy the foundation of let it be an arms race. spearing dramatic development only and. i don't see how that strategy will be successful very critical of time to sit down and talk.

three banks all set up here maybe something in your something in america something overseas or cayman island it will pull these banks are complicit in the rights of congress to decide to give my phone and say hey i'm ready to do some serious blue under the j. let's see how we did while we've got home got a nice luxury watch for max and for stacy jewelry and how about puck home luxury automobile again for max you know what money laundering is highly illegal. much keyser of course. the new global economic war is unfolding in the realm of education the right to education being supplanted by the right to access education. education is becoming just another product that can be born and sold but it's not just about education anymore it's also about running a business and what you good. luck with the dream that they could ever. want is the place of students in this business model before college i was born now and i'm extremely bored education the new global economic war. hello and welcome to cross talk for all things considered i'm peter lavelle donald trump claims he's the master of the deal but w

banks all set up here maybe something in your something in america something overseas in the cayman islands or do we do all these banks are complicit in their kleptocracy we just have to give him a call and say hey i'm ready to do some serious money laundering ok let's see how we did while we've got all got a nice luxury watch for max and for stacy own beautiful jewelry and how about. luxury automobile again for max you know what money laundering is highly illegal don't be a close watch guys of course. hello and welcome to crossfire where all things are considered i'm peter lavelle at the moment it is anyone's guess where the korean negotiations stand again donald trump is the wildcard also is the u.s. isolating itself on the world stage. cross talking the korean peninsula i'm joined by my guest mark sloboda he's an international affairs and security analyst we also have dimitri bobbitt she's a political analyst international and we cross to alex christian forum is the director and writer for the duran dot com hi gentlemen crosstalk rules in effect that means you can jump into any time you

banks all set up here maybe something in your something in america something overseas in the cayman islands or do we do all these banks are complicit in the tough talk or say we just have to get much gold and say ok i'm ready to do some serious money laundering ok let's see how we did while we've got home got a nice luxury watch for max and for stacy oh beautiful jewelry how about. home luxury automobile again for a match you know what money laundering is highly illegal thank you so much guys of course. the united states can always had a tool to use in its tax on other countries. economic sanctions are often just the beginning another thing you like to do is place some military pressure on the countries attorney talking about. and there has to be an effort to demonize that country and the leader of that country. we have a responsibility for the home. and we need to make rules for the rest. because without us there will be chaos. for a world cup twenty eighteen coverage we've signed one of the greatest goalkeepers of all judges but there was one more question and by the way who's going to be

set up through maybe something in europe something going to america something overseas or the cayman islands or do we do all these banks are complicit in the kleptocracy who decide to give mccomas a camera to do some serious wounds ok let's see how we did well we've got home got a nice laundry watch for max and for stacy oh beautiful jewelry how about a puck on luxury automobile again for a match you know what money laundering is highly illegal here for a watch because of course. time after time here we're going underground as vladimir putin hosts talks with japanese prime minister shinzo up in moscow coming up on the show the italian job or italian job so s. c.e. representative and former italian foreign minister franco frattini on whether it's really is next to leave the european union as italy's new prime minister is set to help the unemployed and why has the high court granted a challenge to the government over regulation of the media we speak to the alleged con man who says he was interested by the murdoch sunday times to target everyone from the chancellor of the exchequer to the boss

banks all set up here maybe something in europe something in america or something overseas or the cayman islands or do we do all these banks are complicit in their tough talk or sued us up to give me a call and say hey i'm ready to do some serious mood or ok let's see how we did while we've got a nice luxury watch for max and for stacy oh beautiful jewelry how about. calogero a bill for max payne know what money laundering is highly illegal don't be a good watch guys record. i played for many clubs over the years so i know the game and so i got. football isn't only about what happens on the pitch put the final school it's about the passion from the fans it's the age of the superman each kill the narrowness and spending two hundred twenty million on one player. so it's an experience like nothing else i want to because i want to share what i think what i know about the beautiful guy a great so one more chance for. a nice minute. this is boom bust broadcasting around the world from washington d.c. right here three blocks from the white house i'm part coming up today are crypto currencies securities

let's talk about this other story today about the cayman islands and bermuda, places you might want toof business. they don't want to see that business lost. british virgin islands are suffering from the hurricanes they had last year and if they lose this, that is very difficult. but you can see where it is going, markets are pushing for more openness and more of these accounts. thank you, it is always great to have you here. thank you very much. there will be more business news throughout the day on the bbc live webpage and on world business report. we'll see you again tomorrow. hello. we have got some heavy rain around this morning which may be a little bit problematic for your morning commute. that rain will gradually clear away and for many, into the afternoon, it is mostly dry with some sunny spells. there is that area of rain continuing to move its weight yeast. behind it, that air mass is still quite chilly so chilly day, so temperatures below where they should be. that may linger across the south east into the afternoon. as the rain clears, sunny spells, and some showers in cum

banks all set up here maybe something in europe something in america something overseas in the cayman islandsr the room full of these banks are complicit in their tough talk received a softer didn't call and say hey i'm ready to do some serious muhlenberg ok let's see how we did while we've got home got a nice laundry watch for max and for stacy oh beautiful jewelry how about a couple of home luxury automobile for max you know what money laundering is highly illegal don't be a close watch guys record. welcome back agribusiness giant archer daniels midland corporation or a.t.m. the supermarket to the world has posted first quarter profits and twenty eight teams of three hundred ninety three million dollars that's up three hundred thirty nine million in q one from the your year to twenty seven team total revenue grew by more than half a billion dollars versus q one of twenty seventeen topping fifteen point five billion a.d.m. starches and sweeteners operations were a notable boon to the bottom line in light of plans to acquire camp tore a french manufacturer of wheat based sweeteners a twenty m

banks all set up here maybe something in your something in america something overseas in the cayman islands it will pull these banks are complicit in the congress to decide to give much gold and say hey i'm ready to do some serious money laundering ok let's see how we did while we've got home got a nice luxury watch for max and for stacy oh beautiful jewelry how about. luxury automobile again for max you know what money laundering is highly illegal. much kaiser of course. welcome back to cross talk were all things considered i'm peter lavelle to remind you we're discussing media wars. ok let's go back to ron in los angeles. i'm like many other people could be very critical on how president. handles himself or the rhetorical e how we deal with the press i think all that's fair game most importantly it should be about policy but it seems to me that the the the legacy media the cable stations again with the exception of fox to some extent they're actually imitating him if he can break all the rules then why can't we but at the end of the day the media loses because you know trump isn't held he

but the last few days, and the cayman islands, this area of low pressure moves islands, this area ofsure moves over warm water in the gulf, around 20 degrees, it could strengthen to become a depression and then maybe a rare bay tropical storm. that is still possible. if it happens, it'll become slow moving across the south of united states which could pose a threat of flooding here on it's which could pose a threat of flooding here on its next week, so keep an eye on that story. though high—pressure continues to dominate the scandinavia, with lower pressures out we increasingly see stars of break—out in central europe and the storms moved across parts of germany, belgium, luxembourg, netherlands, and parts of england and wales. we expect to see heavy downpour thursday, meanwhile in europe, some lively hailstorms mixed in. so heavy downpour to come over the next two days. that should latest weather. hello, i'm ros atkins, this is outside source, and these are the main stories here in the bbc newsroom a bbc investigation reveals claims that donald trump's lawyer michael cohen was paid

this issue where a subpoena in the united states is issued to a bank, but the bank laws in the cayman islands is involved, and how do we resolve that question. here the conflicts of law question is raised in the legislation and created is a new section that addresses a fairly narrow set of situations, but nevertheless is clearly set out in the legislation. it's sometimes called a commity analysis because it involves the comity that one continue -- country offers to another. in a narrative situation where there is an executive agreement between the united states and the foreign country where that law might be violated, where that other country offers reciprocal rights for the provider to challenge, and where there is an actual conflict, then that set of rules in the cloud act would be triggered. if that's the case, then the provider is empowered to come to court and say, i shouldn't have to comply with this u.s. warrant because it violates the law of zimbabwe, and then the court would then have a balancing test based on factors again set out in the statute. so it is an idea of an escape valve

this area of cloud and low pressure has also brought 80 millimetres of rain to the cayman islands and 28 celsius, so it is warm enough to see some development and it could possibly become a tropical storm. it would be rare to see a tropical storm in may. hurricane season sta rts storm in may. hurricane season starts on the 1st ofjune, but it could happen, and if it does we will see some heavy rain and strong wind going into the gulf coast of the united states and also some heavy rainfor united states and also some heavy rain for the west of cuba that would likely cause flooding issues. across europe, we are seeing a number heavy showers across italy and into the balkans over the next few days. i pressure is firmly in charge of the weather across scandinavia, bringing fine weather. we have a flow coming across the north sea that will bring some low patches of fog to scotland and england, keeping the temperature and england, keeping the temperature a little bit suppressed. but it will feel pleasantly warm in the sunshine. thunder showers will break out more widely across france, belgium

go shopping but if you want to live in somewhere with a lowest income tax rates that would be cayman islands but homages morrish i'm done with that so far you know 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 the fifty percent mark yes and what about if your company is the same you would go to the caymans or. horses yes but mutable you do 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 the third highest in tear chad is really high in corporate tax rate 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 and united states and countries like united are our of arab emirates and we there's been lots in the new