taxes they prefer to pay of those rather in england on the isle of man so really interesting list monika of course having your name on the list doesn't automatically mean that you're involved in dodgy business schemes i mean offshore accounts tax avoidance schemes are basically legal where is the red line. yeah that's a question that i wanted to discuss with some traders here earlier on the trading floor and you know this kind of more discussion is always a little bit difficult here because of course they're saying it's legal they understand on the other hand that you know normal people like you and me ask why we have to pay up to forty two percent of our income you know in taxes but on the other hand they say you know companies with this they can make more money with that the share price is also going up higher dividend for shareholders so really difficult discussion here at the trading floor monika. thank you nevertheless daniel corp in frankfurt for bringing us up to speed. and we're turning our attention now to u.s. president donald trump who has begun a twelve day tour through asia

well from brussels and catalonia now we are heading to germany monika jones standing by with more on the strength of the german economy and there are many figures yes yes there are some very interesting and encouraging figures there sara the german economy is in a very good place right now that is according to a report published by the government's economic adviser also known as the five wise men now in their annual report the experts reported a strong apps with two percent growth forecast for the current year and even war in twenty eighteen and that goes hand in hand with low unemployment and decent tax revenues now both offer financial leeway which the government would to do well to make use of say experts investment is needed in education and in research as well as in infrastructure like truck and road building or faster internet access. and there's another interesting reporter due out today european car makers are about to be hit by a new set of challenges the e.u. is scheduled today to announce a plan to slash allowed auto emissions by another thirty percent but several producer

of the pillar really and shrines monika twenty a principle in social rights from the labor market from the welfare states many things that already exist throughout the twenty eight european member states but the idea really here is to make recommendations to set a standard that those countries that are alleging behind on social rights can work towards and i mean does it have any bite if you say that most of those standards are already exist. this pillar really what it will bring the question here is what member states will make out of it if it is something that will trigger legislative processes if it is something that role as glued younger the head of european commission put it start a race to the top of a social standards that will be very good news for millions of european citizens and it will probably also be good news for large parts of the economy something that is not mutually exclusive but because after all if you look at for instance the more flexible working arrangements better childcare facilities that is something that could bring more women to the labor force if you look a