minister narendra modi has revamped the indian economy last summer he introduced a national goods and services tax previously every state to decide to do its own rates leading to chaos the common domestic market with simplified tax regulations was well received by foreign investors the country's promotional campaign called make in india has also been a hit state investment in high tech sectors has bolstered domestic production some industries like information technology are now among the world leaders. but india still has major problems a lack of qualified workers and rampant corruption there's also too much red tape and poor infrastructure to change that modi urgently needs foreign capital but many investors are pulling their money from emerging markets like india and shifting it to the u.s. which is considered more secure. that's reflected in the indian rupees exchange rate since the beginning of this year the currency has lost about five percent against the us dollar. the government naturally wants investors to stay so the central bank is under pressure to raise interest rates it's unclear if t

well asians a welcoming the end of a controversial goods and services tax many blamed for increasing the cost of living but the tax relief might be short lived as the government looks for ways to cut the national debt of almost three hundred billion dollars to vehicle pollen explains from. election campaign promises to abolish the deeply unpopular consumer tax are thought to have been an important factor would sway voters towards the new government and now it's delivering on that promise if they need people to respect they can claim they just feel it takes you five if i look in the g.s.t. was introduced three years ago to offset falls in the price of a major revenue earner oil and gas many businesses were affected every company would do some mining best will also know they're going to have we saw some of these more than software but ultimately. a lot of resources this chinese medicine chain managed to absorb the additional cost but tens of thousands of smaller businesses closed down as the cost of raw materials shot up g.s.t. revenue significantly contributed to the state's coffers t

malaysia has crept a controversial goods and service tax many playing for increasing the cost of living but the tax relief is expected to be short lived the new government is proposing a sales tax to cut the national debt which is close to three hundred billion dollars the vehicle pollen reports from kuala lumpur. election campaign promises to abolish the deeply unpopular consumer tax are thought to have been an important factor which swayed voters towards the new government and now it's delivering on that promise it would actually be the best thing for the nation if they need people to east because they can claim g.s.t. mistakes you find if i look at the g.s.t. was introduced three years ago to offset false in the price of a major revenue earner oil and gas many businesses were affected every company would do some mining mr bruno so no they're going to hop on some of these more software but how can you leave. a lot of resources to this chinese medicine chain managed to absorb the additional cost but tens of thousands of smaller businesses closed down as the cost of raw materials shot u

budget that's despite following through on a key campaign promise to scrap a controversial goods and services tax that many voters blame for a sharp rise in the cost of living. that the nationwide protests in argentina calling for the decriminalize ation of abortion that followed months of nationally broadcast hearings on whether to allow women to terminate a pregnancy within the first fourteen weeks a congressional committee is due to vote on the bill which would then have to pass both houses of parliament. and real madrid manager then attends a dan has quit the european champions after winning an unprecedented third straight champions league title sit down says that it felt like the right time to make a change those the headlines these continues here on al-jazeera after al-jazeera world next. zain. the atlas mountains in the south east of moral call a tough and full given environment but it's hard to leave and make anything. but the region has been home to the i thought the tribe of nomads for centuries a people committed to a life that many might call wonder in poverty. goats and sheep. and po

the malaysians are welcoming the end of a controversial goods and services tax many blamed for increasing the cost of living but the tax relief may be short lived as the government looks for ways to cut the national debts of almost three hundred billion dollars. reports from kuala lumpur. election campaign promises to abolish the deeply unpopular consumer tax are thought to have been an important factor which swayed voters towards the new government and now it's delivering on that promise if they need people tory speak they can't blame the g.s.t. mistakes you find if i look in the g.s.t. was introduced three years ago to offset falls in the price of a major revenue earner oil and gas many businesses were affected every company would do some mining investment also know they're going to have some some of these more than software but ultimately. a lot of resources to this chinese medicine chain managed to absorb the additional cost but tens of thousands of smaller businesses closed down as the cost of raw materials shot up g.s.t. revenue significantly contributed to the state's coffers the l

minister narendra modi has revamped the indian economy last summer he introduced a national goods and services tax previously every state to decided its own rates leading to chaos the common domestic market with simplified tax regulations was well received by foreign investors the country's promotional campaign called make in india has also been a hit state investment in high tech sectors has bolstered domestic production some industries like information technology i know among the world's leaders. but india still has major problems. a lack of qualified workers and rampant corruption. there's also too much red tape and poor infrastructure. to change that modi urgently needs foreign capital but many investors are pulling their money from emerging markets like india and shifting it to the u.s. which is considered more secure. that's reflected in the indian rupees exchange rate. since the beginning of this year the currency has lost about five percent against the us dollar. the government naturally wants investors to stay so the central bank has been under considerable pressure over interest rates it

higher taxes direct higher taxes through these tariffs that's what a tariff is it's a tax a tax on the goods and services traded in the international trading system and when those taxes go up those tariffs go up the cycles through the system and will cause average american people the core supporters of this president to suffer so their lot their living standards will be detrimental effect so you would agree then with what the i.m.f. has been saying in that they said that these tariffs as you say would it would hit the world's poor and they would suffer the most. in fact they would because average products like blue jeans like soda pop like apples and nuts and all kinds of things like this all the way up to cars and bigger things like buses or train cars all of these things anything with steel or aluminum in it plus all the things that are being targeted directly at americans and think about how savvy our allies are they are looking at this first they're shocked that this is happening because the u.s. is supposedly such a longstanding close ally of theirs so they really are quite shocked well if we look a

putting in place its own us territory measures to tackle the debt it hopes the current zero tax rate on goods and services will encourage consumer spending to boost the economy street food sellers are promising to pass on the savings to customers who do a good deal i can drop the price of my chicken before we can just be the stock cost more so i try but what's being called a tax honeymoon may be short lived the government's planning and new tax in september. kuala lumpur. nationwide protests in argentina calling for the decriminalization of abortion. for months of nationally broadcast hearing on whether to allow women to terminate a pregnancy within the first fourteen weeks a congressional committee is to vote on the bill which would then still have to pass both houses of parliament to raise a bow reports now from one of stars. it's the last day of the abortion hearings in argentina and those who want to legalize it demonstrated in congress will ring as always the color green that's become a symbol of the national campaign for free legal and safe abortions a minute. and yet we have been fighting for many

businesses engaged in industrial uses, some retail sales of goods and services directly to consumers or arts activities. this additional tax would also not apply to revenues received from certain nonprofit organizations or from government entities. the city would use 15% of funds collected from this general tax for any general purpose. the city would use the remaining 85% of this additional tax for quality early care and education for children from newborns through age five whose parents are very low-income to low-income. quality early care and education for children from newborns to age three whose parents are low to middle-income and do not currently qualify for assistance. programs that support emotional, cognitive for children newborn through five and increased compensation for people who provide care for children from newborn through early age five. if you vote yes, it means you want to kboes a new gross receipts tax of 1% on revenues a business receives from the lease of warehouse space in the city and 3.5% on revenues the business receives from the lease of commercial spaces in the city to fund quality education for

, and it is true that there is a trade deficit when it comes to goods, but when you look at services. of course, trade deficits have a lot of explanations. it's about savings, about pensions, about tax systems, about consumption patents, about supply and demand. so you can't really cook that down to a -- a tariff issue either, and we have said to the administration that we are willing to engage in a positive trade agenda. looking at things of mutual interest for us. we could consider to have a smaller trade agreement focusing on goods and tariffs where we would look at car and car part tariffs, and take them away, and, of course, then the u.s. would have to take away their tariffs, because on certain issues such as clothes and some machinery and trucks and shoes, the american tariffs are much higher than the europeans. we could have done a deal and start talking about this but not with the threat hanging over our head. >> well, indeed, president macron has said we will not talk with a gun pointed at our head. so what is happening? if you're telling me you could have done this, you must have said this to the unid states, to their representates what? did they just say, no? >> i did. i

goods and services. and as an abomination for president trump, people talk about taxes being used for supporting people?resident trump doesn't pay taxes. his family doesn't pay taxes, and probably half these people who complain don't pay taxes either. go, have youyou made any direct appeals to either representatives police -- representative scalise or record of -- representative kennedy? sent a letter to representative kennedy, who i personally voted for, and he represents the people of louisiana. not donald trump. do your job. host: sheila in oklahoma, republican line. caller: thank you for taking my call. you know, i am concerned about kids being separated to, but from what i hear, a lot of them are unaccompanied. what do you do? you have to put them in a center? who pays for it? we do. i don't know how to stop the kids from coming but i do know it says it costs $35,000 a year to house a kid. if they are just keeping it in and we have to take care of them , what is going to happen to our country? we will become like a third , and we will not have the services we have or anything else because we have t

and delivered results that were 15% revenue growth really good year for our tax business. >> that number was up as big as the forecast was down at h a&r block. tax preparation is a servicef course small businesses love quickbooks intuit keeps crushing h and r block because they are not competent anymore. really more of a play on the digitization of finance. bottom line, we live in a world where technology almost always triumphs, that is why intuit is crushing h&r block that is why i like intuit stock. h&r block, hard pass "mad money" back after the break. >> announcer: lightning round is sponsored by td ameritrade >>> it is time it is time for the lightning round on cramer's "mad money." that's where i take your calls rapid fire we'll play this sound -- [ buzzer ] -- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." starting with eric in new jersey >> caller: booyah, jim, how are you doing? >> i'm doing well, thank you so much for asking. how about you? >> caller: great thanks my stock cognex. >> go with emerson i think you will feel better about it let's go to richard in connecticut. >> caller: i

we will have lower corporate taxes and let's make the point that corporate taxes are paid for by the individual consumers of those goods and servicesthe structural changes i think are pretty good for the system. it's meant to reduce the size of government generally speaking at the state, local, and federal level. power to the private sector, the private realm, i will call it, which is fine with me. is last thing i want to make that these structural changes to the tax system i think are written for the private realm and mr. trump, i think, is on the right track. final point, the deficit in the national debt is an important issue and i think we will have to deal with that as a country. but i think the answer is to reduce government spending and not increase taxes. know, two thirds of the federal budget is the pentagon, medicare, medicaid, and social security. that's true. i think that more of that should be handled by the private sector , rather than the public sector. i don't like the idea that the public sector takes up these major sectors of our economy and tries to run them. i think we can be more efficient if we do it privately.

and people have more money because of tax refo and feeling good about the direction of our country and they are happy. senior-living referral serviceyears, i've spoken with hundreds of families and visited senior-care communities around the country. and i've got to tell you, today's senior-living communities are better than ever. these days, there are amazing amenities, like movie theaters, exercise rooms and swimming pools, public cafes, bars, and bistros, even pet-care services. and nobody understands your optns like the advisers ce for mom. these are local, expert advisers that will partner with you to find the perfect place and determine the right level of care, whether that's just a helping hand or full-time memory care. best of all, it's a free service. there is never any cost to you. senior living has never been better, and there's never been an easier way to get great advice. a place for mom -- you know your family, we know senior living. together we'll make the right choice. >> if the polls are believed, i will be in the top two. and the polls i think are accurate. >> i have seen front runners take it for granted and read

you've got a 14 and a half percent tax going into the eu and we're only taxing two and a half percent, it distorts all americans goods and servicesick example. a harley-davidson for $9,000 here is selling for $20,000 in germany, so it makes it very tough for our products to compete. i think what the president said yesterday was brilliant, let's move to a no-tariff zone. it reminded me of ronald reagan when he gave the zero missile option for everybody in europe back in the early 19.0s abby: so there's the president there in the motorcade. this is all -- it's all happening live, by the way, landing just moments ago in singapore. i imagine they're heading over to sentosa which is the island where this meeting is going to happen. you said earlier he'll get rest tonight for this meeting. getting inside his head, anthony you know the president better than anybody here. he will still walk away from the table if we don't get what we want out of this deal. what situation would he walk away from? >> he said something to me 15 or 20 years ago that i always share with people. he said if you're not ready to walk from a negotiation, you're no

tax bill, that really performed impacted families. >> all right simplified by saying we turned one return on investments for payers, taxpayers want good service good infrastructure from government, andith ivanka, and advocating on behalf small businesses, and average household index as indicated, means big returns the comprehensive tax reform not only impacts small businesses entrepreneurs start-ups mid sized companies with capex expenditures now affording better benefits health benefits for employees matching 401(k) plans promoting from within, so it is a great, great return for the taxpayers who have been waiting for decades. >> in fact where did you travel tell us about your travels reception you received. we traveled all over the place we have been this pence, maine senator collins. >> trying to sell this plan to the american people, to make them understand the impacts. >> correct, and articulating explaining in full detail took a tax code enormously complicated greatly simplified also want to talk about elements we believed in so strongly we believed the corporate side the cuts to corporate taxes will enable us to be competitive, we believe that investing in american families a

difficult consumer goods are among the most expensive in the world local companies are saddled with an overly complex tax system and the government pays a disproportionately high amount to service its debt. but despite the problems business leaders hope a deal could help free trade proponents counter trade barriers made in the usa. as more as we are able to enter into into globalized and multilateral systems as better we can prove that our systems my death d.m.p. the better but despite the good will the road to a deal between me and the e.u. is likely to be a long one. a battle between economies to the battle on the pitch. yes the bow because the first group has been decided at the world cup joining me in the studio to discuss the latest is emulate from d.w. sports all right so we just had group a host russia take on your gray who came out on top of that was indeed the big match because those two teams had already secured their spot in the knockout stages and they were just fighting for who gets the top spot who's in the better position and actually it was not russia but rules wise who had the better start into this game through a goal by louis suarez the barcelona star he scor

goods ranging from harley—davidson motorcycles to bourbon. canada and mexico are also planning new taxes on us products. the rail industry has pledged to get train servicese following days of disruption. northern has announced it will be running an emergency timetable until the end ofjuly, with 165 services scrapped. peter marshall has been speaking to passengers in the lake district. replacement buses have been doing brisk service at the start of the lakes line, oxenholme station near kendall, because trains are few and far between. it's a bit hard for us, being a bit disabled. a long journey ahead of us, we can do without the extra hour that it's cost us. the majority of services between oxenholme and windermere were cancelled yesterday. for passengers like nick hay, trying to get home to liverpool after a family break in windermere, it's frustrating. i think it's absolutely scandalous. you can see there people here with prams, dogs, we're not getting all the help. anybody here? nowhere. and this could go on for weeks on this line in particular? i believe so, yes. i think it's scandalous, something needs to be done about it. businesses in the lake dist

refund of withheld in taxes paid on dividends a big story they're watching it for us from frankfurt daniel cooled off and on to correspond thank you. well the price of goods and services in the eurozone hit two percent in june that is a tick higher than may's level of one point nine percent the european central bank's annual inflation goalie's close to but actually just below two percent now a jump in and you prices including oil fueled inflation followed by a move modest increase in food alcohol and tobacco prices the cost of services and non energy industrial goods rose only slightly. more business news a little later time now to catch up with all the latest from the world cup. the group stage of the world cup is over we have nic mechanic line from sports with us to wrap it all up for us so nick yesterday saw the last matches of the group play there and we saw belgium against england and belgium still looking really good surprising actually sent out there between both teams did because there was more there's less to play for they didn't want to go in the group they want to finish second but last night they were very good the teams. to go for belgian quested lime go

and tax cuts that you are paying for by increasing growth. does that affect people? >> it will if it affects their pocketbooks. if they are paying more for goods and serviceshat they would not have paid for in october. it am have a material impact. if the economy comes along it will not affect them. >> we'll have the lightning round. is there a samantha bee and roseanne barr double standard? and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you how much money do you think you'll need in retirement? then we found out how many years that money would last them. how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short, of even the average length of retirement. we have to think about not when we expect to live to, but when we could live to. let's plan for income that lasts all our years in retirement. prudential. bring your challenges. >> we have reached one more historic milestone with three hadn't eight percent unmuchme

services and it's a democracy, right? i still pay my taxes and-- >> that's a good point.ng i had-- understood, but he had no choice in that matter, he had to paying something even though he wasn't a member and he didn't think that was fair. >> he had a choice of taking a job in a unionized work place. >> that's the problem, why must it be automatically a unionized work place. neil: the fees are, right? >> people voted for a union. unions are democracies and are elected. neil: and also-- understood, but-- what's wrong with them saying, are the unions are so good people have to pay for the privilege, it's if it's not, they won't. >> because it undermines the ability to effectively bargain a contract. so if you have, first of all, it's a drain on resources which would be a train on-- drain on staff and i'm currently at the bargaining table with our university. if you don't think that the employers think about who are members of the union and who are not, you'd be fooling yourself. that they really-- >> the people on the other side would say they use it to divide and conquer.

and get what they want good meals. at the stores because. in the afternoon hours. to the mountain trek we visited russia still got a check at work he's employed by the high taxes mountain rescue service he starts at eight am he works a twelve hour shift in summer and ten hours in winter. the job also involves being on emergency call four nights in a row but then he gets three days off. joe did practical training with the mountain rescue service while still at school and soon realized that it was his calling. and helping someone in need and possibly saving their life and that in connection with the mountains and nature is exactly my thing first and foremost it is helping your neighbor someone who is in need it isn't primarily about money there are a lot of jobs that pay better but that's not so important to me. breaststroke go to chuck works with seven colleagues and an avalanche sniffer dog it helps in the search for people buried in the snow in winter and in summer when hikers lose their way in the mountains the mountain rescue was love the job. it will just have it's wonderful to help people in need and some cases are really tough but when a rescue operation proves successful every

goods, services, capital, ideas and people that flow freely and flourish in america because we have the certainty of a good regulatory framework not an verburdensome regulatory framework. there is strong tax reform, important tax cuts and we have seen the result is more jobs, more than a million in the six months since this bill became law. the tax reform and jobs act is a constructive policy for jobs and for promising economic future for everyone in america. thank you, mr. speaker, and i yield. mrs. brooks: i thank the gentleman from ohio. everyone is hiring. there are so many job openings right now. as you said, a million new jobs. everyone's competing at a higher level and have to compete in order to retain those employees and keep those employees happy. so things are buzzing along. and i want to thank you for sharing what's going on in southern ohio. so thank you. as we've heard, i have no further speakers, mr. speaker, but as we've heard from members from indiana, ohio and washington, because everyone is hiring and people have to compete, companies throughout indiana, whether companies like first merchants bank to announce they were going to have an hourly wage increase and bonus for

through two the corner offices of the revenue service, so i think i have a pretty good understanding of the operations and the various roles they play to move the tax administration to this country with an eye toward the benefit of taxpayers. >> thank you very much mr. chairman. >> let me start with this comment. the vice president said the johnson amendment that prohibits a tax-exempt organization like churches from campaigning for or against political candidates bill, and i quote here no longer be enforced under a base administration. i would like to give you the opportunity to respond to the vice president of the united states. who is going to be in charge of if you are confirmed as the commissioner who is going to be in charge, will it be vice president of the united states will it be you? >> i will be in charge of the revenue service and will make sure that it moves forward to follow the law and the impartial nonbiased matter. >> do you by the president's statement is troubling i isn't that sending a message inherently political message when what we want whether it is democrats or republicans whether we want the wall isn't that a troubling mes

they say in effect it's a judicially created tax shelter for businesses that limit their physical presence in the state but sell goods and servicesstates consumers something that's become more prevalent as technology has advanced a divergence in the company. etsy is down too amazon is down only 1. in part of what we were just talking about. >> so wayfair has a marketplace model. etsy does because that's a platform built for small business sell issers so that's just an extra complication ta they are going to have to deal with what's interesting about this decision that most of us that study retail or understand how it works you should charge sales tax no matter where the final customer lives and if that differs from where the product actually came from, there was some that studthe law that said that might be something that the supreme court doesn't want to get involved with and they may want to get something that lawmakers handle i think we're going to have to see how this becomes precedent and how it's implemented and how everyone deals with it from here this is a monumental decision that i think should be a turning point here >>

because you lower the price to sell more goods and services, albeit at a lower price, but a volume increase for more revenue. it happened during the 178 capital gains tax cut. the -- 1978 capital gains tax cut. revenue went up. every single time we have cut tax rates in the modern era, the quote-unquote revenue loss has been nowhere near the predictions. so in the 1 60's, what happened? we -- 1960's, what happened? we had lower rates and a balanced budget by 1969. fast forward to the 1980's. we had the dull droms of the -- doldrums of the carter malaise area, where we were told that the era of prosperity was over. we had to put on our cardigan sweaters, button them up, turn down the thermostat, because the good times were not coming back. get used to it. ronald reagan comes onboard. he's pushed by the supply side movement of 1970's and 1980's and the cut. and he enacts a 1981, in those days a democratic congress, when democrats realized that economic growth was actually a good thing and you want to celebrate it, they enact kemp-roth. bringing the top rate down from 70% to 50%. there was a delay in 1983. you might recall. but then the tax cuts finally k

through two the corner offices of the revenue service, so i think i have a pretty good understanding of the operations and the various roles they play to move the tax administration to this country with an eye toward the benefit of taxpayers. >> thank you very much mr. chairman. >> let me start with this comment. the vice president said the johnson amendment that prohibits a tax-exempt organization like churches from campaigning for or against political candidates bill, and i quote here no longer be enforced under a base administration. i would like to give you the opportunity to respond to the vice president of the united states. who is going to be in charge of if you are confirmed as the commissioner who is going to be in charge, will it be vice president of the united states will it be you? >> i will be in charge of the revenue service and will make sure that it moves forward to follow the law and the impartial nonbiased matter. >> do you by the president's statement is troubling i isn't that sending a message inherently political message when what we want whether it is democrats or republicans whether we want the wall isn't that a troubling mes

tax revenue and the consumers pay for it. amazon doesn't pay for it in my hypothetical american airlines doesn't pay for it, the consumer s. the people that by the books, goods or services liz: some of the small business guys do work in their own brick-and-mortar stores have said it is unfair but there is an issue here, judge, about taxation without representation. in other words these guys are going to be taxed by guys that don't, they don't elect, they don't vote for, right, judge? >> correct, correct and there will be a tendency there always is whenever there's a new species of tax on the market, for the state to tax its in- state producers at a lesser rate than out of state producers that's called discrimination against interstate commerce. that is expressly prohibited by many supreme court opinions. the supreme court opinion today continued to prohibit it but you're going to see states trying to get away with it. they will favor the people that vote for them and contribute to their campaigns and it will tax the daylights out of people that have no representation with them your points a great one. liz: oh, my god pandora's box of taxation judge i can't believe we're

goods and services with canada but go ahead. >> right. that is absolutely true. part of the problem is you have to use average tariffs, no one trades dairy to canada, they tax it so heavily because it doesn't go up there. if you use effective tariff it never gets counted because there is no trade. what i l at is average tariffs. we are onower end. you know, i can't, i can't judge whether his negotiating -- is this "art of the deal," is it going to work out perfectly? i don't know but reagan put tariffs on semiconductors. tariffs on steel. neil: absolutely. >> every once in a while, three, four, five years, we put tariffs on canadian lump before. this has been going on forever. what happened, slowly but surely tariffs have come around, come down for the last 70 years and i think that is going to continue. as far as the fed goes they should not worry about this they need to worry about monetary policy. >> but they're still going to be asked. you know reporters will ask jay powell about trade, even though i agree with youhouldn but he is going to be asked. neil: how does he answer that? because i agree with what brian, you don't want to pay attention to something yo

service. and so i think i a pretty good understanding of the operation of the irs and the various roles, the different levels of the irs play in trying to efficiently move tax administration of this country with an eye towards the benefits of taxpayers. >> okay. i think my time is basically up so i will turn to regular. >> eighty very much mr. chairman. mr. rettig, let me start with the comet the vice president. vice president pence said in may that the johnson amendment which prohibits the 501(c)(3) tax exempt organizations like churches from campaigning for or against political candidates will, and i quote here, no longer be enforced under this administration. i'd like to give you the opportunity as we begin this hearing to respond to the vice president of the united states. who is going to be in charge, if you are confirmed as commissioner? who is going to be in charge of the irs? will it be the vice president of the united states, or will it be you? >> if i am confirmed i will be in charge of the internal revenue service and will make sure that the internal revenue service moves forward, follow the law in an impartial, nonbiased manner. >> do you find v

goods. these individual packets that are shipping to the u.s. postal service are taking no customs duty, and because they are not domiciled here, there are no staff or warehouses in the u.s. 0% chance of sales tax , transacting. think about that. they have extremely low shipping, no duty, no sales tax, and their e-commerce is 75% lower than mine. this is what allows a chinese competitor infringing on our intellectual property to offer an item that we charge $20, for five dollars. this has impacted not only our e-commerce business, it has impacted our ability to close deals with retailers domestically and overseas. the retailers do a web search and they say, why should i buy when my customer will go online and by providing all in. i want to bring something up that is comical. alibaba, they get massive -- now i $525 billion market cap company gets massive subsidies from us, and the u.s. government on all of their small packages. us as american businesses get no deal on our packages. as we get the benefit of chasing these people around the country, around the world, removing their counterfeits from the marketplace. this is a comedy and tragedy. some of it makes you laugh because of the ridiculousn

goods. these individual packets that are shipping to the u.s. postal service are taking no customs duty, and because they are not domiciled here, there are no staff were warehouses in the u.s., 0% chance of sales tax transacting. take about that. they have extremely low shipping, no duty, no sales tax, and their e-commerce is 75% lower than mine. this is what allows a chinese competitor to infringe on our property to offer an item that we charge $20, for five dollars. this has impacted not only our e-commerce business, it has impacted our ability to close details -- to close due the close to close deals. i want to bring something up that is comical. , they get massive subsidies from us, and the u.s. government on all of their small packages. our american businesses get no deal on our packages. people to chase these around the country, around the world, removing their counterfeits from the marketplace. this is a comedy and tragedy. some of it makes you laugh because of the ridiculousness, that it makes you cry because of its unfair nature. how can anyone in this room or --either side of the aisle it is so much to ask american businesses that own distribution facilities and employ people who pay tax

good support system. it is not enough. i have worked nearly 30 years, giving away my age, andl nearly 30 years, giving away my age, and i have paid my national insurance, my taxes, this is a servicere having to live on this incredibly frugal lifestyle. it really doesn't give you enough money to cover the basics of living. and then you see mental health problems. i come from a background, i am aware of the health affects people can have. sorry to come in. i said —— was going to say, you can make those same set of criticisms if you were on the same benefit system today, it being faceless and compounded by having to go to a number of different agencies and organisations. the measure of success for universal credit has to be how it is doing against the current benefit system. it was meant to come in to save money, this was the big thing. we were told it is going to save money, drive people to more work. it will incentivise them to get into work and importantly, critically, in austerity times, when this was first discussed, it is going to bring that bill down. this report today has said nonsense, that will not happen and people suffering the pain and it's not saving the public any mon