for aid good pa rt the channel islands for aid good part of the day.the days of the week. once the low pressure m oves days of the week. once the low pressure moves further east, the frontman away, they drag the mud and with them and then we are left with a regime of cool at —— milder weather. the low pressure moving further east. that opens the doors for the isobars to run pretty much from north to south across all parts of the british isles. down the spine of the british isles. down the spine of the british isles. down the spine of the country, a gloriously sunny day. if you are fully exposed to that breeze, mainly from the northern and eastern perspective, i think you will see some showers across the higher ground and not just across scotland, they will be wintry. single figure temperatures are bound. wednesday, a subtle change will bring those wintry showers. pushes them further south through lincolnshire and into norfolk as well. down the spine of the country there is that brad weber to be had. on thursday, we may see an area of f g to flailing to

it's worth noting even before apple moved this money to, in fact, the channel islands, the u.k.the other jersey, this was a lot of money in ireland where people pay, corporations pay 1.5 percent -- 12.5%. if you look at the u.s.' 35%, ireland's 12.5% and some of these other jurisdictions such as the u.k.'s channel islands where, quite frankly, they are allowed to offer whatever they want as a tax rate, and this particular one, jersey, essentially says for foreign entities, they can pay 0%. trish: good stuff. once again, shows you how we need to be more competitive. i mean, the idea that france or canada or anywhere else for that matter is offering a better tax program for corporations than we are, that doesn't really make sense, right? we're supposed to be the land of entrepreneurs. we are the capitalists. why don't we have a tax rate that matches it? 12.5% in ireland, some people say it'll with one big race to the bottom, right? i don't think that'll happen because the truth is corporations want to be near the talent. the talent is here. they also want to be near their markets.

rainband which quits the scene on the southern counties of england but will be a bother for the channel islandsthat stage. probably the mildest of the days of the week. tuesday, increasingly cold as we move towards the middle part of the week. the low pressure moves further east. that opens the doors for the isobars to run north to south across all parts of the british isles. down the spine of the country, a gloriously sunny day. if you are fully exposed to that breeze, mainly from the northern and eastern perspective, you are going to see some showers across the high ground, not just in scotland, they will be wintry. single figure temperatures abound. wednesday, perhaps a subtle change in wind direction could draw the wintry showers a little further inland and push them further south, down through the lincolnshire wolds, maybe into the north of norfolk as well. down the spine of the country there is still that bright weather to be had. on thursday, we may see an area of low pressure. that puts a squeeze on the isobars. it means more wind. a bitter wind at that. right down the eastern shores, p

a few showers for the channel islands. perfect bonfire night for most.arly hours of monday. temperatures plummeting in northern central, and eastern areas. widespread frost. —6 in some places. starting monday with things like this. certainly some frost. this is the reach of high pressure. still bringing fine weather for the south—east on monday copy this weather system swinging in bringing cloud and rain and strengthening winds. east against west. central and eastern areas, dry and sunny and cold. sunshine holding on in the south—east. cloud building from the west and outbreaks of rain in the west. some persistent rain for western scotland. starting to turn more mild here. temperatures into the low teens. cold for the east. on tuesday, the weather front of east. a wet day for some. strong winds. more mild than late. turning cold in the north—west. this is bbc news. i'm chris rogers. our top stories: saudi arabia says it has shot down a ballistic missile fired from neighbouring yemen. a loud explosion was heard in the saudi capital, riyadh. meanwhile an a

the technology giant, apple, has been managing most of its untaxed cash reserve offshore on the channel islandfjersey. it moved the money tojersey after a tax loophole in ireland was closed. although the company has done nothing illegal, its tax arrangements have been criticised by eu and us officials. the paradise papers were obtained by the german newspaper, suddeutsche zeitung, and shared with the international consortium of investigativejournalists, which includes the bbc‘s panorama. our business editor simonjack reports. a rapturous reception for the latest iphone. it's the most popular and profitable consumer product of all time. it's generated hundreds of billions in profits for apple since it was introduced ten years ago. what these papers show is just how determined apple has been to keep the tax on those profits as low as possible. and how keen some governments, lawyers, and advisers have been to help them do it. for many years, apple sent profits made outside the americas to ireland where an elaborate corporate structure meant it paid nearly no tax on the billions it was making. tax

rainband which quits the scene on the southern counties of england but will be a bother for the channel islandsf the day. following on behind, not particularly cold air. not at that stage, anyway. that's probably the mildest of the days of the week. tuesday, increasingly cold as we move towards the middle part of the week. the low pressure moves further east. that opens the doors for the isobars to run pretty much from north to south across all parts of the british isles. down the spine of the country, a gloriously sunny day. if you are fully exposed to that breeze, mainly from the northern and eastern perspective, you are going to see some showers and i think across the high ground, not just in scotland, they will be wintry. and single figure temperatures abound. wednesday, perhaps a subtle change in wind direction could draw those wintry showers a little further inland and push them further south, down through the lincolnshire wolds, maybe into the north of norfolk as well. down the spine of the country there is still that bright weather to be had. on thursday, we may see an area of low press

but further inland, it will be dry and cold for most of us, one or two showers around the channel islandsnto sunday night, it will turn very cold. you can see the blue colour is developing quite widely across central, northern and eastern areas. temperatures could go down to —54 minus six celsius in one of two places. many of us will be waking up toa places. many of us will be waking up to a bit of mistimed frost. monday, looks like we will see this ridge of high pressure which brought us the cold weather, and also the light winds ebbing away. this area of low pressure will start to make inroads through the day. we start of a very cold note for monday, but bright with some sunshine, before this weather system starts to push cloud and increasing the chance of rain and increasing the chance of rain and strengthening winds to many western areas, especially in this north—west corner of the country. with it, slightly milder air, 11-13d, with it, slightly milder air, ii—isd, cold one in the south—east with that sunshine. tuesday, a pretty unsettled today. a band of rain will spread its way from

in the afternoon double figures in the channel islands.stern areas initially. tomorrow, fewer showers around, unless you are in some parts of england. it could be heavy with hailand of england. it could be heavy with hail and thunder and sleet and snow mixed in. and we have wind strongest tomorrow, touching gale force at times, making it feel particularly raw, temperatures much closer to freezing with the wind factored in. but for many of you it will be dry and sunny in south—west scotland, the midlands, southern england, the same on wednesday, these are the brightest areas with showers frequently eastern england. into wednesday, we still have the cold wind which will add to the chill through the day and, if anything, temperatures drop on thursday. uk wide, highs of three orfour degrees, adding the windchill it will be colder than that and to put it into perspective at this time of year we are usually looking at temperatures ranging from seven or eight in aberdeen to around ten in london. so, yes, it is a cold week in store. thank you very

the technology giant apple has been managing most of its untaxed cash reserves offshore, on the channel islandfjersey. it moved the money tojersey after a tax loophole in ireland was closed. although the company has done nothing illegal, its tax arrangements have been criticised by eu and us officials. our business editor simonjack reports. a rapturous reception for the latest iphone. it's the most popular and profitable consumer product of all time. it's generated hundreds of billions in profits for apple since it was introduced ten years ago. what these papers show is just how determined apple has been to keep the tax bill on those profits as low as possible. and how keen some governments, lawyers, and advisers have been to help them do it. for many years, apple sent profits made outside the americas to ireland, where an elaborate corporate structure meant it paid nearly no tax on the billions it was making. taxes that would have been due to the united states, where politicians started applying pressure to a defiant apple ceo tim cook. we pay all the taxes we owe, every single dollar. we not

but further inland it will be dry. inland it will be dry. showers around the channel islands too. tooy cold. it will turn very cold. the blue developing across central, northern and eastern areas. northern and eastern areas. see temperatures down to minus six celsius in one or two places. celsius in one or two places. of us will wake up to mist and frost. frost. the light winds ebbing away and this low pressure will make inroadses. low pressure will make inroadses. strengthening winds to many western areas. areas. particularly across the north—west corner. with it milder air. 11 to 13 degrees. one across the south—east with that sunshine. sunshine. day with rain spreading from west to east. east. but it will be a touch milder for most of us. you're watching bbc news. down a ballistic missile that was fired from yemen. fired from yemen. was heard in riyadh though no reports of injuries. reports of injuries. iran has denied accusations is destabilising lebanon. destabilising lebanon. minister, who announced his resignation earlier. resignation earlier. stood down because his life is in

rainband which quits the scene on the southern counties of england but will be a bother for the channel islandswing on behind, not particularly cold air. not at that stage. brother blidi mildest of the days of the week. once the low pressure m oves days of the week. once the low pressure moves further east, it will drag the mud at with eight. —— probably be marvellous. tuesday, increasingly cold as we move towards the middle part of the week. the low pressure m oves the middle part of the week. the low pressure moves further east. that opens the doors for the isobars to run north to south across all parts of the british isles. down the spine of the british isles. down the spine of the british isles. down the spine of the country, a gloriously sunny day. if you are fully exposed to that breeze, mainly from the northern and eastern perspective, you are going to see some showers across the high ground, notjust in scotland, they will be wintry. single figure to averages are bound. wednesday, perhaps a subtle change in wind direction could draw the wintry showers a little further inland and push the

down on tax loopholes in twenty thirteen apple shifted to all of its irish subsidiaries to the channel islands of jersey to take advantage of lower taxes there apple has reportedly avoided tens of billions of dollars in taxes by using overseas havens but the company insists that its tax arrangements are perfectly legal and that it pays twenty one percent corporate tax across the globe and with that i'd like to go back to the frankfurt stock exchange do you think that the air is getting thinner now for corporates using tax havens. well whenever journalists release those kind of papers there's always this discussion and you always are asking for changes also the government is doing the same just last time when we had those panama papers the german government was promising that they're going to be you know more tighter rules basically. the by the time you've promised a ten point plan now he's out of office and we are not really seeing big changes many people have asked in the past for an open registry where you can see exactly who is owning a company germany was never really in favor of this now

the tech giant moved its untaxed offshore tax reserve to the channel island of, look at this, jersey.land has a zero corporate tax rate. apple is reportedly holding more than $252 billion in cash overseas. let's look at the stock, the tech giant ending the day in the green. let's bring in one of the best economists around, the very brilliant and smart former reagan economic adviser, art laffer. >> thank you very much, that's a nice introduction. would you mind repeating that? elizabeth: i love your name's art laffer, because you have the best giggle in the world. >> thank you. elizabeth: is apple doing anything wrong? >> nothing wrong, no. they're doing exactly what the shareholders want them to do. if you owned shares, would you want them to pay extra taxes and hurt your stock? no. i mean, this is what companies are supposed to do and what jurisdictions are supposed to do is tax the proper tax base to collect the revenues. obviously, a profits tax is not a very good tax. it discriminates against high quality companies that make wonderful products cheaply and don't use lawyers and acc

tax loopholes in two thousand and thirteen apple shifted two of its irish subsidiaries to the channel island of jersey to take advantage of lower taxes there apple has reportedly avoided tens of billions of dollars in taxes by using overseas havens but the company insists its tax rangelands are perfectly legal and it pays twenty one percent corporate tax across the globe now than the paradise papers are also topping the agenda of the e.u. finance ministers meeting in brussels today they have to find ways how to react to the latest data leak of financial documents that reveal how the world's rich and powerful hide their money in offshore accounts and in many cases they do so perfectly legally because of this trillions of euros are lost to the state in taxes the e.u. had long planned to crack down on tax havens but not everyone is on board because offering tax breaks is a lucrative business. when it comes to tax dodging nike ticks all the boxes the paradise papers have shone a light on a complex network that helps the sportswear giant issue taxes in europe. among its strategies over the years

a few showers around the channel islands as well.o sunday night it turns even colder. you can see these blue colours across the north, extending south. some places potentially seeing lows down to —5, —6 degrees. it could be a misty and cold start for monday with frost around. the ridge of high pressure, that brings fine weather on sunday and monday morning ebbs away and allows this to push it off the atlantic, bringing in thickening cloud, strengthening wind and cold start on monday but dry with plenty of sunshine. the sunshine diminishes from the west as the weather front moves in that will stay bright across east anglia and the south—east. spots of rain developing across the west of britain and persistent heavy rains in northern and western parts of scotland. it will be milder but cold. for tuesday, a messy picture. the weather front will continue eastwards and heavy persistent rain as it travels eastwards. mild but turning cold again across the north and west with sunshine and showers. on into wednesday, we are between weather sys

down on tax loopholes in twenty thirteen apple shifted to all of its irish subsidiaries to the channel islands of jersey to take advantage of a lower taxes there apple has reportedly avoided tens of billions of dollars in taxes by using overseas havens but a company insists its tax arrangements are perfectly legal and it pays twenty one percent corporate tax across the globe. now the paradise papers are also topping the agenda of the e.u. finance ministers meeting in brussels today they have to find ways how to react to the latest data legal financial documents that reveal how the world's rich and powerful hide their money in offshore accounts and as we just heard in many cases they do so perfectly legally and because of this trillions of euros are lost to the state in taxes the e.u. had long planned to crack down on tax havens but not everyone is on board because offering tax breaks is a lucrative business. when it comes to tax dodging nike ticks all the boxes the paradise papers have shown a light on a complex network that helps the sportswear giant issue taxes in europe among its strategies

rainband which quits the scene on the southern counties of england but will be a bother for the channel islandsr. not at that stage. probably the mildest of the days of the week. tuesday, increasingly cold as we move towards the middle part of the week. the low pressure moves further east. that opens the doors for the isobars to run north to south across all parts of the british isles. down the spine of the country, a gloriously sunny day. if you are fully exposed to that breeze, mainly from the northern and eastern perspective, you are going to see some showers across the high ground, not just in scotland, they will be wintry. single figure temperatures abound. wednesday, perhaps a subtle change in wind direction could draw the wintry showers a little further inland and push them further south, down through the lincolnshire wolds, maybe into the north of norfolk as well. down the spine of the country there is still that bright weather to be had. on thursday, we may see an area of low pressure. that puts a squeeze on the isobars. it means more wind. a bitter wind at that. right down the eastern

key here is nothing apple has been accused of doing in these paradise papers having an english channel island where they have their money is illegal queen elizabeth using the cayman island fun but the cayman islands is an illegal i don't see and all of that i just don't see illegality i think this is to. play the culture of class warfare populism or look at these evil people evil corporations evil famous people trying to avoid paying their fair share but you know what we when i say we i mean the less richard famous do it on a smaller scale we have accountants we deduct this we deduct that if it's allowed to happen if it's not illegal i hate to say it but there's not much wrong with it do you think this is sort of a social pressure campaign obviously there are a lot of people who hide money in very illegal ways and very bad ways but let's talk about you know they know they the political pressure is put on some of the people whose names are on these accounts and do you think this is sort of a social pressure operation and some kind of salute how will that have here i mean . no absolutely it's a

one or two showers around the channel islands too.hours of monday, it turns even colder. you can see those blue colours across the north extending south into central and eastern areas, with some places potentially seeing lows down to —5 or —6 degrees. so it could be a bit of a misty and a very cold start for monday with some frost around. the ridge of high pressure which brings the fine weather on sunday and monday morning slowly ebbs away and allows this weather system to push in off the atlantic to bring thickening cloud, strengthening winds and outbreaks of rain. but it's a cold start on monday, but dry with plenty of sunshine. the sunshine gradually diminishing from the west as that weather front moves in, but it will stay bright across east anglia and the south—east. spots of rain developing across western britain and certainly some persistent, heavy rain for northern and western parts of scotland where here it will be turning a little bit milder but cold, like i mentioned, in the east. for tuesday, quite a messy picture, that we

a few showers for the channel islands. a perfect bonfire night for most.orthern central, and eastern areas. widespread frost. —6 in some places. starting monday with scenes like this. certainly some frost. this is the ridge of high pressure. still bringing fine weather for the south—east on monday. this weather system swinging in bringing cloud and rain and strengthening winds. east versus west. central and eastern areas, dry and sunny and cold. sunshine holding on in the south—east. cloud building from the west and outbreaks of rain in the west. some persistent rain for western scotland. starting to turn more mild here. temperatures into the low teens. cold for the east. on tuesday, the weather front moves east. a wet day for some. strong winds. more mild than late. turning cold in the north—west. welcome to bbc news, broadcasting to viewers in north america and around the globe. i'm duncan golestani. our top stories: saudi arabia's crown prince launches a major anti—corruption purge. several senior ministers are detained. touchdown in tokyo — donald trum

technology giant, apple, has been managing most of its untaxed cash reserves offshore, on the channel islandy. it moved the money tojersey after a tax loophole in ireland was closed. although the company has done nothing illegal, its tax arrangements have been criticised by eu and us officials. our business editor, simonjack, reports. a rapturous reception for the latest iphone, the most popular and profitable consumer product of all time, generating hundreds of billions in profit for apple since it was introduced ten years ago. what these papers show is just how determined apple has been to keep the tax bill as low as profitable and how keen some governments, lawyers and advisers have been to help them do it. for many years, apple sent profits made outside of the americas to ireland where an elaborate corporate structure meant it paid nearly no tax on the billions it was making. taxes that would have been due to the us where politicians started applying pressure to a defiant apple ceo. we pay all the taxes we owe, every single dollar. we not only comply with the laws, we comply with the spi

if you showers around the channel islands too.mbling away. central, northern, eastern areas could see a sharp frost. —5, maybe minus six. no surprise, we will wake up to scenes like this, missed and frost. things are set to change for the start of the new working week, this area of low pressure, will start to make inroads as we go through the course of the day. cold, bright, some sunshine, central and eastern parts, the sunshine will hold on across eastern and south—eastern parts, further west, clouds build up, and we will see patchy rain, most of it across northern western scotland, could be quite persistent and heavy into northern ireland and slightly milderairwill be into northern ireland and slightly milder air will be moving into northern ireland and slightly milderairwill be moving in. another chilly day to come. looks like a messy picture, the weather front will sweep these, bringing pretty heavy rain, fairly strong wind, temperatures below, 11 to 13 degrees. a touch milder. that is the forecast. this is bbc news. the headl

one or two showers around the channel islands too.day, it turns even colder. you can see those blue colours across the north extending south into central and eastern areas, with some places potentially seeing lows down to —5 or —6 degrees. so it could be a bit of a misty and a very cold start for monday with some frost around. the ridge of high pressure which brings the fine weather on sunday and monday morning slowly ebbs away and allows this weather system to push in off the atlantic to bring thickening cloud, strengthening winds and outbreaks of rain. but it's a cold start on monday, but dry with plenty of sunshine. the sunshine gradually diminishing from the west as that weather front moves in, but it will stay bright across east anglia and the south—east. spots of rain developing across western britain and certainly some persistent, heavy rain for northern and western parts of scotland where here it will be turning a little bit milder but cold, like i mentioned, in the east. for tuesday, quite a messy picture, that weather front

rainband which quits the scene on the southern counties of england but will be a bother for the channel islandshe mildest of the days of the week. tuesday, increasingly cold as we move towards the middle part of the week. the low pressure moves further east. that opens the doors for the isobars to run north to south across all parts of the british isles. down the spine of the country, a gloriously sunny day. if you are fully exposed to that breeze, mainly from the northern and eastern perspective, you are going to see some showers across the high ground, not just in scotland, they will be wintry. single figure temperatures abound. wednesday, perhaps a subtle change in wind direction could draw the wintry showers a little further inland and push them further south, down through the lincolnshire wolds, maybe into the north of norfolk as well. down the spine of the country there is still that bright weather to be had. on thursday, we may see an area of low pressure. that puts a squeeze on the isobars. it means more wind. a bitter wind at that. right down the eastern shores, particularly. look at t

a few showers around the channel islands as well.these blue colours across the north, extending south. some places potentially seeing lows down to —5 minus six degrees. it could be a misty and cold start for monday to frost around. the reach of high pressure, that brings fine weather on sunday and monday morning ebbs away and allows this to push it off the atlantic, bringing in thickening cloud, strengthening wind and cold start on monday but dry with plenty of sunshine. the sunshine diminishes from the west as the weather front moves in that will stay bright across east anglia and the south—east. spots of rain developing across the west of britain and persistent heavy rains in northern and western parts of scotland. it will be mildly but. for tuesday, a messy picture. the weather front will continue eastwards and heavy persistent rain as it travels eastwards. mild but turning cold again across the north and west with sunshine and showers. 0n into wednesday, we are between weather systems. at clear from the south—east in the cold cle

in the south, cold and dry, a perfect bonfire night evening, one or two showers for the channel islands areas varying the brunt of frosty weather, —5 or -6 the brunt of frosty weather, —5 or —6 in one or two spots to greet us early on monday, mr round as well. a ridge of high pressure will start to ebb away, bringing fine weather through sunday, allowing this weather system to push in from the west, quite gradually through the day. notice the isobars are close together. that means strengthening wind. we start monday on a brighter note, christian sunshine through central and eastern parts, cloud in crunching in from the west, never reaching the far south—east until later in the day, stay in chilly. in the west, cloudy, outbreaks of rain in western areas, especially in the far north—west, heavy and persistent in western scotland. the theme spreads eastwards across most of the country on tuesday. quite a wet day for many, too. notice that bridges bouncing up to 12—13. it will certainly be cold in the next few night, but my old at the start of next week. —— but cold. the this is bbc news. i

a few showers for the channel islands. a perfect bonfire night for most.es plummeting in northern central, and eastern areas. widespread frost. —6 in some places. starting monday with scenes like this. certainly some frost. this is the ridge of high pressure. still bringing fine weather for the south—east on monday. this weather system swinging in bringing cloud and rain and strengthening winds. tale of east versus west. central and eastern areas, dry and sunny and cold. sunshine holding on in the south—east. cloud building from the west and outbreaks of rain in the west. some persistent rain for western scotland. starting to turn more mild here. temperatures into the low teens. cold further east. on tuesday, the weather front moves east. a wet day for some. strong winds. more mild than late. turning cold in the north—west. hello, this is breakfast, with rogerjohnson and rachel burden. theresa may's most senior minister, damian green, angrily denies an allegation that pornography was found on a computer in his westminster office. he says the story in the s

one or two showers around the channel islands. as we head into sunday night it will turn very cold. monday we will see this ridge of high pressure which brought us ridge of high pressure which brought us the cold weather and also the light winds ebbing away and this low pressure will make inroads through the day. so we start off on a cold note for monday. but bright with sunshine before this system pushes cloud and rain and strengthening winds to many western areas. particularly across the north—west corner. with it comes milder air. 11 to 13 degrees. another cold one in the south—east with that sunshine. on tuesday, an unsettled day with rain spreading from west to east. but it will be milder for most of us.

valuable company apple it was revealed this week that it uses a secret tax haven the english channel island of jersey apple currently has two hundred fifty two billion dollars of untaxed cash outside the u.s. the paradise papers allege that back in two thousand and thirteen irish officials under huge international pressure closed the tax loophole and so apple legally made new arrangements in jersey apple says it pays every dollar it owes in every country in the around the world now in today's on demand instant digital world many libraries have to shrug off their stuffy and silent image qatar's new national library open this week and as well as books it has computers a kid zone and coffee it's all part of the country's effort to refocus its economy rob math and reports. when emotions are reduced to emote and a handful of tweeted letters scattered across the internet can inspire the world or plunge it into despair words have weight and print is still powerful if you recall the first word in the qur'an is read i think that that's really going to be leading the people to use this library to ope

increasingly through the afternoon we will find the cloud filling in across parts of the south—west, the channel islandsear blue skies with which you started the day. certainly that ploughed fields into the isle of man, northern ireland, western scotland. the greater chance of seeing some rain here. further north and east, still that —— still showers. overnight we will push mild airfrom the showers. overnight we will push mild air from the atlantic into the cold air from the atlantic into the cold air reservoirs across the british isles. that will generate snow to about 200 metres. the snow level gradually rising as the milder air percolates from the atlantic. further south this is where the really mild air pilots in. ten, 11, 12. we wake to a lead on day. watch out for the hill fog. the heavy rain moves away during the morning. the first part of the afternoon. leaving behind a dank and drizzly afternoon. it is on the mild side across much of the british isles. except for scotland. one of those days were the cold gets into you. that is because the mild air doesn‘t quite went out across all part of the b

some showers not far from the channel islands. central and eastern areas. temperatures down to minus six to start monday morning. some frost and mist from the bonfires and fireworks. the high pressure ebbs away and this low pressure moves in for monday. so things turning wetter and windier across western areas. cold, frosty starts in central and eastern parts. some rain in the west. but for north—west scotland and northern ireland, it will be windy. with it a bit milder. 11 to 13 degrees. still a cold day in the east. tuesday unsettled with a spell of heavy, blustery weather. but milder. before more cooler and clearer weather moves in for wednesday. in the last half hour, scottish minister mark mcdonald has resigned from the holyrood government amid allegations about his private life. as the political turmoil at westminster continues, labour's shadow chancellor john mcdonnell calls for agreement on an independent system to tackle sexual harassment. when all the political parties meet my view is that there should be an element of i

the technology giant apple has been managing most of its untaxed cash reserve offshore on the channel islandy. it moved the money tojersey, after a tax loophole in ireland was closed. although the company has done nothing illegal, its tax arrangements have been criticised by eu and us officials. the paradise papers were obtained by the german newspaper sud—deutsche zeitung, and shared with the international consortium of investigativejournalists, which includes the bbc‘s panorama, as our business editor simonjack reports. a rapturous reception for the latest iphone. it's the most popular and profitable consumer product of all time. it's generated hundreds of millions in profits for apple since it was introduced ten years ago. what these papers show is just how determined apple has been to keep the tax on those profits as low as possible. and how keen some governments, lawyers, and advisers have been to help them do it. for many years, apple sent profits made outside the americas to ireland where an elaborate corporate structure meant it paid nearly no tax on the billions it was making. taxes

of bright weather for the day itself and look at the temperatures, you have to go down to the channel islandsyou get temperatures of around 10 degrees, quite tropical compared to what will be happening in the far north of the country with temperatures into single figures. so, yes, colder weather for sure on the way. a reminder of our main story... a bleak assessment of the chancellor's budget as the institute for fiscal studies warns that workers are facing two lost decades without earnings growth. philip hammond says he hopes to prove the earnings forecasts wrong. that's all from the bbc news at one, so it's goodbye from me and on bbc one, we nowjoin the bbc‘s news teams where you are. have a good afternoon. good afternoon, i'm hugh woozencroft with a look at the day's sport here on bbc news. england's cricketers have made a solid start to the ashes series, ending day one of the first test on 196 for 4. they're taking on australia side that haven't lost at test match the gabba in almost 30 years, as they begin their defence of the urn. our correspndent andy swiss, was watching in brisbane. w

through the afternoon, we will find the cloud filling in across parts of the south west, the channel islandside of wales, here too, increasing amounts of cloud. even further east, many of you will lose the clear blue skies with which you started the day. and certainly, that cloud fills in through the isle of man up into northern ireland, across the western side of scotland. here, a greater chance of seeing some rain, but at this stage, really not amounting to very much. further to the north and east, still the little supply of showers that you've become very familiar with in the past few days. 0vernight, what we are going to do is push mild air from the atlantic into the cold air reservoir that's sat across the british isles for a little while, and that will generate snow down to about 200 metres or so north of the central belt in scotland. that snow level gradually rising as those mild airs gradually percolate their way in from the atlantic. further south, this is where the really mild air piles in from the atlantic — 10,11,12 as the night—time minimum. we wake up to a really leaden sort of

the technology giant apple has been managing most of its untaxed cash reserve offshore, on the channel islandland was closed. although the company has done nothing illegal, its tax arrangements have been criticised by eu and us officials. we pay all the taxes we all, it every single dollar. technically apple's chief executive tim cook is correct but what apple legally owns may not be much depending for its located. apple sells billions of pounds worth of bunsen tablet computers in britain at its effective tax rate has been estimated at 5% internationally. in 2014 ireland announced it would ban companies with no tax residency, apple needed tax residency for its lucrative irish subsidiaries fast. the paradise papers revealed it sent out a questionnaire courting tax havens and it shows jersey where its $261 billion pile of cash and selling phones and ipad became tax resident. the jersey company reportedly sold by its highly expensive intellectual property rights to its irish division creating a big cost which can be offset against future profits. holding its aris tax bill down. apple says it has

billions of dollars in offshore tax holdings to the small island of jersey, the smallest of the channel islandsngland and france. apple chose jersey to avoid a 2013 crackdown on ireland's controversial tax incentives. apple ceo tim cook said, "there's no truth behind it." joining me to discuss is alex webb, who covers apple for us. this issue of taxes for apple is a big one because it is the biggest company in the world. this pile of cash, nothing has ever been seen like this by any company ever. alex: one of the graphics that was in the story published by bbc, and other publications in the international consortium of investigative journalists to show apple has more offshore cash than the u.k. or the u.s.. cory: tell us about jersey. how likely a financial center is this? alex: jersey is well known as having a disproportionate number of banks, law firms dealing with this sort of stuff, a lot of private equity funds, venture capital funds are domiciled in jersey because of these incredibly low tax rates. our editor over here is from jersey. if you have, for example, a foreign use card from a bri

filtering into the north and west, some mild there still clinging on in the south, 1a in the channel islandsrea of wet weather wriggles through, across the southern two thirds of the british isles into saturday morning. as it clears, we get into a north—westerly wind and some cold airall the north—westerly wind and some cold air all the way from the arctic. the north—westerly wind will lead showers into northern and western areas on armistice day on saturday, temperatures dipping away across northern areas and on remembrance sunday, the cold air comes all the way south, still some showers, at this stage a lot down the east coast, wintry showers over high ground in scotland, and temperatures just 6—9. as we head into the weekend, things not looking too bad, lots of dry weather and sunshine and a few showers but it will be turning colder. hello, you're watching afternoon live. today at 2pm. a delicate balancing act — theresa may prepares to announce the replacement for cabinet minister priti patel. the first minister of wales will issue a statement this afternoon, following criticism of his ha

apple side steps billions with channel islands tax route and three stars of mrs brown's boys investedme for. evan is here then. until then, good night. well, the weather has changed certainly in the last few hours. it has warmed up a little bit. we had beautiful weather across so many parts of the country during the course of the day. the clouds have started rolling in and this is bringing the warmer weather overnight. i say warm, warm relatively speaking to what we had. this weather front which will be in place across the uk tomorrow is going to bring some pretty damp, cloudy, unpleasant conditions. but it does mean the morning will be a lot milder. this is what we had around 12 hours ago, more than that, 18 hours ago. by the end of the night this weather front will be in place across the country, and the temperatures across many areas in england and wales will be six to possibly 10 degrees higher compared to what we had. so first thing on tuesday morning, five to seven degrees across the south—east. maybe in the far north of scotland, as well, but for many of us it is closer to arou

it moves most of its cash reserves to the channel islands of jersey after a 2013 crackdown on its taxctices. any a statement, apple says it pays every dollar it owes, and the changes did not read his test payment in any country. the effective tax rate it pays is 21%. yvonne: apple is looking to fund buybacks and dividends to bond sales. as of september 30, it was sitting at a fraction. 94% of which was parked outside the u.s.. the republican tax plan would charge company 12% on overseas profit. tencent's unit says it expects net proceeds to be about 920 million u.s. dollars. we are told the company initially priced 150 one million shares at 55 hong kong dollars apiece. that is the top end of the range. the offer is said to have attracted outside retail demand. it expects to make its trading debut on thursday. yvonne: coming up next, masayoshi son calls the end of talks. not a crisis., we will ask jeffries their take on whether softbank may still be well positioned in the long term. this is bloomberg. ♪ who knew that phones would start doing everything? entertaining us, getting us back