emily: i asked ruth porat what her reaction has been to president biden's tax plans.he was very diplomatic. she said they understood there are funding needs around the world. we also urge governments to raising revenue in a coordinated way and think there is more momentum to reaching a multilateral solution on tax, which we think would be more valuable and more durable. so, don't just tax us basically is reading between the lines. do a lot of different things to raise that revenue. caroline: yesterday, apple sort of getting ahead of the tax changes by talking about how much it pays in taxes but also investing in the united states. emily: big investments in cloud. she continued to talk that up. google growing by leaps and bounds. digital market share still much smaller than a ws and microsoft. also talked about increasing investment in headcount and real estate. google had been taking an interesting and different stance in terms of remote work, hybrid work, where it is calling employees back to the office and saying if they want to explore an alternative work scenario,

emily: i want to talk to you about ruth porat's response to biden's corporate tax plan. the president looking to increase the corporate tax rate from 21% to 28%. she said, there are clearly urgent funding needs around the world including infrastructure. she said, we understand tax policy as part of the answer. we call governments to look at raising revenue in a coordinated way and more valuable and durable. basically, she is saying, don't just tax us. are you concerned about biden's tax plans when it comes to not just alphabet but microsoft and other tech companies? daniel: you look at the reaction last week when some of the new tax plans came out from biden. the higher capital gains rate, higher corporate tax rate. companies are concerned. will we stall investment, whether it is the infrastructure or hiring dollars you mentioned. companies start to pull back a little bit when they feel like there is not as much profitability at their disposal for that investment. this is the teeter totter between trickle-down and trickle up economics. will companies, especially big ones

deirdre bosa just spoke to ceo ruth porat deirdre?th her, sara as he mentioned that the additional $50 billion buyback was part of a continuation of their existing program she said the primary use of capital is still to support long term growth. they're going to be investing it back into the business the pace of buybacks has increased over the last few years. on cloud i asked her if this would be another investment year, if they would start looking towards profitability. she says there's still a sizable opportunity so their approach hasn't changed some interesting comments on privacy. we haven't heard her comment on this on previous calls she says privacy is absolutely core to what we do, no question the privacy landscape is changing and regulation is rapidly evolving like regulators, she says they want to protect users. i asked her if they would be limiting third party cookies on android, youtube, search she said "not much more to add." that feeds into the idea, some critics say these are for show only and what are they really doing