. >> not in switzerland. all of them are owned by csarl of one of its subsidiaries. >> i understand. you say owns. csarl owns that? who owns csarl? >> csarl owns all -- excuse me? >> who owns csarl. >> ultimately owned by caterpillar inc. but every government in the world expects us to report by legal intent. >> so csarl is owned by caterpillar. >> that's correct. >> you say csarl owns the warehouses? >> csarl either owns the warehouses or owns the entity that owns them. >> who owns the entity that owns csarl? >> again, ultimately, caterpillar inc. >> are the names stewart -- and steven larson and barbara hodo -- are those names familiar you? >> i recognize those names. >> you know those names? >> die. >> do they work in the united states? do you know? >> cue read the his again. >> stewart levny ik, steve ven gosselin, steven larson, barbara hodel. >> yes, all of them work in the united states. >> are they key leaders caterpillar's parts business? >> they are key leaders but, again, keep in mind, we do not ha

. >> and switzerland. >> in switzerland as it relates to the overall business? >> the parts business. they have less than 100 before and they have less than 100 after. >> our view in the time we put this together is the substance that exists with the parts is a the marketing organization and those thousands of individuals managed out of the organization based in switzerland. now that comprises the marketing company outside of the united states for caterpillar products and replacing parts associated with those are the substance which creates the demand for those products. they have nurtured the dealer relationships. they have created the field population upon which the demand is created for replacement parts and that the video as well as reflected the integrated nature that is taking place with the business while selling parts as well as machines. going back to my opening statement where this is in fact an integrated activity. >> we understand. did anybody have to move? >> in order to support the parts planning? >> is result of this document that you were plannin

csarl employees switzerland 400. is that wrong? that is the letter that came into the subcommittee from you. >> there are also employees that i believe you have not included their from singapore and some other areas. >> we give you that total caterpillar employees. how many of the wonder 18,000 employees would you attribute to singapore? >> i don't have those exact numbers. again, if i could get that document i can research that and check that please. >> okay. we will give you this document. >> abcaeight. >> thank you. again, those nine u.s. employees we talked about are working for entities that report out to csarl. >> they are. use a report to csarl, but they are caterpillar employees to my not? >> i don't understand the distinction you're making there exactly. >> do they get a check from csarl? >> there are definitely employees of csarl, many employees outside the united states supporting the work of csarl. >> well, we are going to let it your chart, give your chart. according to what we take off of your document csarl employees

none are stored in switzerland. the parts csarl purportedly owns here in the united states are completely commingled with the parts owned by caterpillar u.s. so when a u.s. warehouse employee fills an o rder for a part, that employee has no way of knowing which part is owned by which company. the part is just shipped. after the fact, caterpillar's virtual inventory system flags the parts shipped outside of the united states and retroactively marks them as csarl-owned. for hundreds of thousands of parts shipped abroad each year, however, the parts that were shipped actually belonged to caterpillar u.s. when that happens, the virtual inventory system nevertheless shows the part as owned by csarl, indicates it was borrowed from caterpillar u.s. at cost, and later replaces the part when new parts are added to the warehouse inventory. this after-the-fact virtual ownership system is one more sign of how transparent the whole swiss tax strategy is. what is real is the u.s. tax revenue that the swiss strategy erases. from 2

85% of the profits going to switzerland. you want to use 70% instead of 89%? won't argue with the percentages. >> i argue with what creates the incoming shift as you call it and that connolly result as a result of the measurement of what has been taking place with respect to functions were those exist, the risks where those have been accepted and the property where exists in the company and our evaluation of that within the context of this planning was we looked at substance and we looked at economic substance that we use, rules provided to us in case law and internal revenue code and the underlying regulations that say in order to evaluate that appropriateness of an income shift first we have to look at functions, from and what property exists and align the income with that. we never shifts that income. >> the allocation of profits was shifted. is that correct? following that existence -- >> exchanged as a result. >> shifted from approximately 15%. >> based on your assessment. >> the parts of this -- we did -- >> after your

parts, profits in switzerland. the first e-mail mr. williams, you wrote, in the last sentence, quote, just curious, say they decide to -- most pms, part managers, stay in the u.s.? how do we retain the part profit if the u.s. entrepreneurs claim both machine and part profits? >> the pm there refers to product managers. >> sorry if i said part, i met product. do you have a concern whether the product managers located in the united states might claim parts profits related to the parts they designed? >> sir, my point was related to -- >> can i just ask you the question directly? did you have a concern here about whether product managers located in the united states might claim the parts profits related to the parts that they designed. was that a concern of yours? >> concern was relocating managers from switzerland back to the u.s.. i was concerned by taking those entrepreneurial functions out of switses land and located back to the u.s., that would give me a concern. >> was it -- >> over -- >> the answer then is no to my question? >> ther

. >> not in switzerland. all of them are owned by csarl of one of its subsidiaries. >> i understand. you say owns. csarl owns that? who owns csarl? >> csarl owns all -- excuse me? >> who owns csarl. >> ultimately owned by caterpillar inc. but every government in the world expects us to report by legal intent. >> so csarl is owned by caterpillar. >> that's correct. >> you say csarl owns the warehouses? >> csarl either owns the warehouses or owns the entity that owns them. >> who owns the entity that owns csarl? >> again, ultimately, caterpillar inc. >> are the names stewart -- and steven larson and barbara hodo -- are those names familiar you? >> i recognize those names. >> you know those names? >> die. >> do they work in the united states? do you know? >> cue read the his again. >> stewart levny ik, steve ven gosselin, steven larson, barbara hodel. >> yes, all of them work in the united states. >> are they key leaders caterpillar's parts business? >> they are key leaders but, again, keep in mind, we do not ha

tom: i say switzerland, go for it. go for it.itzerland, raise it to 25 and see what happens. >> you're right. maybe someone will wake up and say, look what happened over there. tom: they would wake up except it is not an economic argument. it's a political argument. let me throw this in there. and not so original idea of a few see a problem you recall the product. kraft recalled 96,000 pounds of oscar meyer winners. the problem, they may mistakenly have cheese in the. it actually sounds kind of good. meanwhile, general motors is reportedly delaine yet another recall even though it knew the cars may not be safe. gm focus on profits coming back to bite them? >> i can tell you, the old line that it takes lauren simonetti -- decades turn a good reputation and one minute to lose it, that's what is happening. the earnings reputation that they don't care too much about safety is putting profits in front of it. this is going to come back. remember, people have choices. the other part of the equation, all the money being spent on advertis

switzerland is his second mainstay. he bought the grounds at a bargain and has already invested several hundred million euros, but on his scale, it's a modest project. >> when everything is built, we will still be very small. this is nothing compared to my other destinations. there are 1500 residents. if it grows to 2500 or 3000, that is still nothing. on the red sea, we already have 20,000 residents, and that's not so big, either. >> of course, more guest mean the slopes will have to be expanded. this ski legend is on a pr tour to make his sponsor's plans appetizing for international journalists. they want to merge two skiing areas and that 14 new lifts and lots of snow blowers. there will be something for every taste. >> what we will need here are sunny ski slopes, simple slopes for families. we need the safari-style skiing experience. >> the new resort for the superrich will guzzle vast amounts of water and electricity. same nature conservation lists. and that in times of climate change and melting glaciers. >> when

. >> a plane that can stay in the air indefinitely has been unveiled in switzerland. it's fuelled by solar power, and the team that created it have their eyes set on making it the first of its kind to fly around the world. i guess it will have to follow the sun. >> even if you have no interest in planes, you have to admit this is impressive. solar impulse set a record when it flew across the united states. not the first plane to do that, of course, but definitely the first to do it without a single drop of fuel in its tanks. in fact, all that plane needed was this - sunlight. perhaps the most natural form of fuel, enough to power solar batteries and keep it in the air. that trip was deemed such a success that in switzerland, where it began, they made a sequel. here it is, premiered on wednesday. the night not so imaginative, solar impulse, is nearly solar impulse ii. the ambitions are. the wing span the same as a boeing 747. it's a huge craft, covered in 17,000 solar cells, yet weighing 1.5 tonnes. the plan is to fly this around the world and do it in less than a year

which landed them in what amounted to a concentration camp in then-neutral switzerland.merican war heroes with a simple prisoner of war metal. heather: they waited, they waited for this day to come. bill: and this is one of the surviving eight. [applauding] >> first lieutenant, paul. [silence] [applauding] >> first lieutenant james. bill: falls u.s. military reports in the 1970s, inflammatory cable from sweden suggested the aviators were deserters when they were not. the u.s. gentlemen, iraq war veteran, historian, worked for 15 years to get his grandfather's name cleared. and today he has done that. heather: there were nine of them at waited for this day to happen. one of them died before he could make it to this moment, but his son is there representing him instead. bill, i believe with some of these war war veterans in an honor flight to d.c. when they recount their stories, to them it was just like yesterday. they remember it so clearly, and the emotions, so proud and so humble. >> technical sergeant. [silence] [applauding] bill: so proud. it took an act of congress

switzerland former indicate neighbor officer accused of stealing prescription drug from senior citizen and using the dog to help gain the senior trust. 7 news reporter anthony spoke with switzerland lawyer. >> no question that this is a case about someone who fell into the throw of prescription pill addiction. >> the attorney for concord police officer accused of stealing drugs from seniors says his client was over powered by an ill needs. addiction. >> started off with an on duty injury he was prescribed the powerful heroin like drug. and he succumb to the clutches for now. >> shown here with the police dog prosecutor say former concord officer switzerland used the animal as ruce to gain the trust of seniors in this concord apartment complex. and gain access to the powerful pain medication. >> for instance obtaining the pills from these people by telling them he needed to train his dog to smell l these type of drugs. >> it's given to the seniors when they are really suffering. >> dr. barber the psychologist for snrs cocoa including some at the concord apartment complex where switzerla

they need a pragmatic response from the government on limits to immigration and switzerland. one more vote coming up. that is on the overall minimum wage. 22 swiss francs. that sounds a lot. once you factor in the overall expense of living and switzerland, the so-called purchasing parity, it is still equivalent to about $14. that makes it the highest minimum wage in the world. 10% are paid only less than the so-called minimum wage, which would be equivalent .o $25 nevertheless, could drive up unemployment. many of the opposition feel there is a slight concern as to what the minimum wage, if passed, could do for employment and switzerland as well. >> "the pulse is up in just under 10 minutes. guy johnson is anchor of that program. guy, you're going to pick up on this nestle story. you have one or two interviews. >> women to talk about what this business is doing now. it is quite fascinating as well heard of a be buying hershey are a little farther down the road. maybe they could be buying that nutella.ew tele -- nestle has a relatively low exposure to russia. probably earning

switzerland is his second mainstay. he bought the grounds that a bargain and is already invested several hundred million euros. but his scale it's a modest project. then does this when everything is built we will still be very small. this is nothing compared to other destinations in booming on the market has fifteen hundred residents. it grows to twenty five hundred three thousand but still nothing. i need in one on the ritzy we already have twenty thousand residents in that's not so great either. ok so vocals of course more guests mean the slopes will have to be expanded. you mentioned that i will see its ipo art or to make his sponsors and appetizing for international journalists. so the audience wants to merge to skiing areas in at fourteen new lifts and lots of snow blowers. there will be something for every taste i've been called. once you get to know what we really means you're a sunny ski slopes simple slopes for families peace and peace into a medium we need to safari style skiing experience saudi our goodbyes.

>> reporter: what's going to happen in switzerland? is some version of a minimum income going to be adopted, do you think? >> i will be very surprised if that was the case. but the debate is what really matters. >> reporter: and that's just how the idea's swiss champion, enno schmidt, feels. >> one hundred twenty thousand people say, yes, we want to discuss, and this is the initiative. they don't say yes we are for an unconditional basic income, but that's an interesting idea, let's discuss it. >> reporter: a discussion only just getting started in the alps and closer to home. >> woodruff: you can learn more about the guaranteed basic income, a variation on that idea, and why the concept is catching on in switzerland on our making sense page. >> woodruff: in northern new england, researchers are increasingly worried about what's happening to one of it's iconic animals, the moose. their numbers are significantly declining, and investigators are trying to find out whether warmer winters in recent years may be a big part of the problem. h

and after a conversation it was agreed that we'd take them and get them back to switzerland >> the fbiecovered 75 of the 86 paintings the nephew said he was protecting the paintings and didn't know the museum was looking for them. the polish government says there are 80,000 pieces that are missing from its country. most believed to have been stole ren by nazis and russians. >> they're finding more and more paintings in germany and holland. they're coming back >> now, 75 more paintings have come back, this time from san francisco. >> right now, the ntsb is briefing reporters. investigators arrives this afternoon saying work is just beginning. investigators don't know what what caused the truck to slam into a bus yesterday 40 teens on a tour bus were on the bus. five students were killed. dozens still hospitalized tonight. many with burns and broken bones. the bus one of three chartered by humbolt. abc news anchor diane sawyer and i talked about the crash this afternoon. we know how close to home this is talking and investigating what happened. this weekend is crunch time for american wh

so i got permission from the state department to go to switzerland. i gave them a copy of this wall street journal article and i said, is this true? and i said yes, it is to an extent we have had this and we have found that there are 732 dormant bank accounts what should've been returned and were not. so if we put that up to the days values, that'll be $32 million they got major account information there were 54,000 possible accounts and 21,000 certain accounts and a somewhat was reached $1.25 billion in respect to insurance, companies like this and many others do the following. there were insurance policies on the lives of individuals and what happened after the war is the families of those who were killed, their life insurance policies try to recruit and they were told that the policies have lost because the premiums were not paid while people were poor in auschwitz and so this is something that was part of the insurance claims under the former secretary of state in a consensual way after we got everyone together red so the dimensions of this were l

. >> a plane that can stay in the air indefinitely has been unveiled in switzerland.t's fueled by solar power. its creators have their eyes set on making it the first of its kind to fly around the world. >> even if you have no interest in planes, you've got to admit this is impressive, solar impulse set a record in july when it flew across the united states. not the first plane to do that, but definitely the first without a single drop of fuel. all that plane needed was this, sunlight, perhaps the most natural form of fume there is, enough to power its solar batteries and keep it in the air. that trip across the u.s. was such a success that now here in switzerland, back where it all began, they've made a sequel. >> here it is, premiered on wednesday. the name not to imaginative, so the impulse is now merely solar impulse two, but the ambitions certainly are. the wing span the same as a bowing 747, this is a huge craft covered in 17,000 solar cells, yet weighing just 1.5 tons. the plan is to fly this around the world and do it in less than a year's time. >> we can take

they have all sorts of other benefits to being in switzerland. not think it will have a huge impact on the swiss ability to attract a high-quality workforce. i think that if i was somebody hour, the at 22 an units and the socialist parties that have push this forward and claimed to be serving these people are not serving them. >> a lot of people talk about the propensity of this referendum and this ballot. they could drive away. they could undermine stability that is the key to the wealth of the country. i am not just talking about a move to curb that measure and the flow of foreigners. more ofhave more and them? can we take the presence for granted? >> is a great question and something that was expressed on the right of the political spectrum. amongis a consternation most of the political elites as they tried to translate the will that is expressed by the people and do something rational for the overall economy. the people voting in these referendum are the people who are not the beneficiaries of globalization and they have a voice. the voice is

they were initially denied status because they crash landed in switzerland, and neutral country.e at the pentagon with more on this incredible story. >> there was not a dry eye in the auditorium. the chief of staff could even get through remarks without breaking up. it was quite a ceremony. the bomber planes were shot down by german gunfire landing them until what was concentration camps in neutral switzerland. they refused to honor the lieutenant and these american heroes with a prisoner of war medal. false u.s. military reports suggested the aviators were deserters trying to delay further comment by landing their planes in neutral switzerland. among the remaining eight survivors all in their 90s honored by the air force given these long overdue pow medals at the pentagon moments ago. he escaped from the prison camp run by not see sympathizing swiss guards were servicemen were started for us to live in center ignitions. >> these survivors preyed on a fallen comrades rarely seemed to recommends and was ousted these men have that courage. >> their stories never would have been kno

they're being tested by professional snowboarder jamie in switzerland on a frozen lake. >> it might sound a bit crazy to think i'm going to be propelled by electric jets but in reality it's not as bad as it sounds. you're not going to take off and fly somewhere. >> this contraption built by adam is pretty amazing. battery powered, electric model plane engine on this crossbar that the rider can hold on to. they do a couple different test runs over several days in switzerland while jamie gets the hang of things. he finally gives it full thrust, i guess you could say, and eventually gets this thing up to about 50 miles per hour. >> what? >> on flat ground from a dead start. >> i do like this because when you go skiing sometimes you do end up on a flat stretch of a trail, right, you have to work to get yourself to the next drop. this is cool because i got this and -- >> it's really, really fun. i'm really excited to enjoy it. >> they're still working on this. it's a prototype. not something you can buy now. they think it's going to be something quite revolutionary. >> i see devices becoming e

just yesterday, walgreens was in the headlines for considering a move to switzerland. it is for tax purposes. the problem is not just that it causes a loss of tax revenue in is, it moves that some jobs and over time, it moves the whole company. you can destroy a company through taxation. that we willies mention, switzerland, ireland, they do well because they are parasites on the rest of the world. rates and tax artificial shifting of tax rates and they propose tax rates i a lot of money. european countries that have a lower tax rate than we do, as an average, also have very stiff value added taxes. in france, the value added taxes now are 20%. every time you make a purchase, you pay an additional 20% in taxes. us going i cannot see to consumption tax area we have to figure out where we can tax. if the -- a study is published every year that shows where countries are and how much they collect in taxes as a percentage of your product. the u.s. is 33rd out of 35. fewer taxescollects as a percentage of their economy than the u.s. does. john, you are on with our guest, our

here a guy goes from switzerland to munich, comes to the border.he is asked if he has anything to declare. he said well i have 9500 euros in cash and i say where did you get 9500 euros in cash? he said i sold a piece of art. they look in his apartment and there are 1200 pieces of art with some having empty cases that indicated he had sold it in to make a long story short it turns out that a lot of it was in fact nazi art. so initially the germans were treating it as a tax evasion case. the guy sold it and didn't report it to taxes. we the state department intervened based on the washington principles based again on what you have done as well and what michael has done and what nancy has done and we said no this is not just a tax evasion case. look at the washington principles and publish the art which initially they wouldn't do but now to their great credit about 450 pieces have been published on the internet so claims can be made. then the issue is the question is of the statute of limitations. i can't guarantee this is going to happen but we urge

thanks othat the plane can fly forever. >> test flights over switzerland. its big trip around the world is expected to take 20 days all in all and solar planes may not even be adapted commercially. the airlines are all waiting to see if this takes off. phil lov lovell, al jazeera, crt switzerland. >>> redwood natural forest just to make prize patterned wood. >>> plus she's a comedian an actress and an advocate for cerebral palsy. my conversation with zaid. an unexpected political encounter deep in the heart of texas. former president george h.w. bush, waiting on the star mack to greet president and michelle obama. the current and past spoke for several minutes. the headlines coming up next. only on al jazeera america >> good evening to you and welcome to al jazeera america. i'm morgan radford live in new york city and here are tonight's stories. a 16-year-old suspect was identified in court documents as alex rebal. police say he entered high school and began stabbing people many of them critically. >> acommander in chief i am determined that we will continu

caterpillar avoided or rred $2.4 billion in taxes by shifting some of its profits affiliate company in switzerlandcaterpillar's president says÷çví the company's tax practices are y personal stories behind many there's an especially -- [indiscernible] -- who flew a plane that's going on display today dwi= ♪ ♪ ♪ hey, it's me! [ whistles ] talking. savings. ogressive.ç.mç"sesau >>> arlington county the first bike-o-meter on the east coast. it's in rosslyn lee highway and north lynn streets. that's along the marta custis trail. the county will data on how many cyclists pass by each they will use that data >>> smithsonian. the son of the n who piloted the plane is there bto it. lieutenant jg knox converse flew aown as a hell diver during l converse kept filled with the plane. >> it's an honor. it i never x2 expected. he's for almo40 is something sort of brought him back into my tlife. nal. if you go to it, also be able to see photos of the squath nicknamed the battling beast. >>> if you're trying to f[ maintaingluten free can be tough. .a still ahead, a chshows us how to get it a look at the difficu

she died in san francisco, leaving 86 paintings to the polish museum if switzerland. >> the art worksed their destination. >> four years ago the museum intensified the search. in mid january they turned to the fbi in san francisco. >> the polish government asked us to try to reach out for one of the family members here in the bay area and see if he was aware of the location. >> think were being maintained in a storage facility after a conversation it was agreed that we would take them and get them back to switzerland. >> the nephew says he was protecting them. the polish government says there are 80,000 pees of art missing from the country. most believed to have been stolen. >> finding more paintings in germany and holland. these paintings are coming back >> now, 75 more come back. this time from san francisco. >> we now have an estimate on how much it cost to rescue that family with a sick child last week. the price of the joint effort with coast guard, navy and national guard came to $663,000. it could go higher the family arrived back home in san diego wednesday, on what is sup he

. >>> some culturally significant paintings are on their way from the bay area to switzerland. they were painted by a well-known polish artist while living in san francisco. as "today in the bay's" joe rizzo jr. told us it took a little help from the fbi to get them on their way. >> reporter: was something of a national treasure in poland. she was a painter, a freedom fighter, and an escapee from a concentration camp who settled in san francisco to paint. >> her paintings were very well done in oil and with gold trimmings. she was a perfectionist in a sense. >> reporter: angel lean said her longtime friend was an eclectic as colorful as her paintings. >> she had a tremendous sense of humor and even it's reflected in some of her paintings. >> reporter: before she died in 1998, she left instructions that 84 of her paintings were to be shipped to a polish museum in switzerland because at the time poland was under communist control. >> to my knowledge that was always her desire. it was supposed to go to poland. no question it was supposed to go to poland. >> reporter: the paintings

she died in san francisco, leaving 86 paintings to the polish museum if switzerland. >> the art worksever reached their destination. >> four years ago the museum intensified the search. in mid january they turned to the fbi in san francisco. >> the polish government asked us to try to reach out for one of the family members here in the bay area and see if he was aware of the location. >> think were being maintained in a storage facility after a conversation it was agreed that we would take them and get them back to switzerland. >> the nephew says he was protecting them. the polish government says there are 80,000 pees of art missing from the country. most believed to have been stolen. >> finding more paintings in germany and holland. these paintings are coming back >> now, 75 more come back. this time from san francisco. >> we now have an estimate on how much it cost to rescue that family with a sick child last week. the price of the joint effort with coast guard, navy and national guard came to $663,000. it could go higher the family arrived back home in san diego wednesday, on what

into a crisis in ukraine the cng me about is the diplomatic solutions the content is a report for switzerland straight ahead russian president. what are your and took part in a show and that's even got a question. also whatever it's not a topic of surveillance more on that coming the pentagon to fund its budget from suggested cuts as u s military plans to potentially leave afghanistan is too much spent on supplies off the success of love later in the show a new. i am. you see i wanted to watch him four way emergency talks and wrapped up in geneva switzerland aimed at resolving the deepening crisis in eastern ukraine top diplomats from ukraine russia united states and the european union spent around seven hours wrestling to compromise the situation which has been called the worst is less crisis since the end of the cold war just a short time ago president obama spoke about the us response to the crisis in ukraine like cops military options are not on the table in ukraine. because this is not a situation that would be amenable to a clear military solution. meanwhile violence worsened in the day

even though it is linked to the u.s., they are booking it entirely in switzerland's.ecause of that, they were allowed to shield their profits from u.s. taxes. that is what senator levin will focus on tomorrow. >> thank you very much, phil mattingly, joining us from washington, d.c. all right. let's take a look at wellness. in testimony for wellness compliance, many companies are having to deal with new types of green relationships, green structures. my next guest, deepak chopra, is the adjunct professor at northwestern university's management school. he is an expert on wellness. he is the author of 19 best sellers and the founder of the chopra center for well-being. thank you for being here. as phil mattingly was just describing, you have the situation many times in the corporate world where the sense of responsibility changes depending on who is in charge. if you are the chief executive of a company, your job, supposedly, is to look out for the interest of the shareholders. it is not to be fair with the u.s. taxpayer. in this case, there is an investigation about tax

it will make the position of uk vis-a-vis switzerland for the eu business. we could see, for example, a lot of company and industry going to switzerland. in fact it's easier to do business within the eu in switzerland than the uk. >> the problem is the unknown basically. we don't know how much it would cost. how well we'd be able to form these more global trade agreements and how damaging it would be to companies who have to change systems in order to meet different regulatory demands. >> at the end of the day, if you want to sell into the eu market, you still have to meet eu demands on goods and services. that would change, would it? >> it wouldn't. the point would be ditching various regulations from brussels that you don't need, whether it's agricultural policy or whatever have you. >> that is an advantage. that's the upside. >> that is an advantage. >> at the end, there were 1.55. the worst case scenario, 2.6 gdp. >> 40 billion pounds i think it says. >> the worst case, 0.1%. even if the best, the winner expects such a minimum impact, i think the case fo

it caused, of course, an explosion in switzerland. and then we did a follow-up report the next year of what other neutral countries, portugal, spain and turkey, had done to facilitate the war effort. now, to switzerland's great credit, they ended up taking our report and, if anything, improving on it. they appoint toed a professor to do their -- appointed a professor to do his own report, and his report is a landmark in self-examination. and as a result of our report and his report, we ended up getting 20 countries, greg, to set up their own historical commissions to rook at their role -- to look at their role during the war. >> we're really running behind at this point. [laughter] i mean, i knew that every single question would be a one-day answer or a one-book answer. >> we're doing well. we cut it down. [laughter] >> so we'll skip over, basically, and you can read this in robert's books, the whole movement this 1944 and '45, the greatest treasure hunt in history. or you can see the condensed version in the movie. but it was dangero

turner's interest in the sublime led him to travel to switzerland in search of wild landscapes that wereillingly vast, and remote. he turned edmund burke's vision in any direction he chose. he imbued biblical subjects lie the fifth plague of egypt with the awesome power of nature's destructive forces. the swirling mists of the alpine blizzard that the carthaginian general hannibal and his army encountered while crossing into italy merged the sublime with the vaunted genre of history painting. turner was always attentive to his career. he had opened a gallery of his own where he could show his works-- and keep the sales commissions. the 31 year-old painter was appointed professor of perspective at the royal academy. he used that pulpit to promote the possibilities of landscape painting as equal to history painting, urging his students by saying-- (reader) "to select combine and concentrate that which is beautiful in nature and admirable in art is as much the business of the landscape painter in his line as in the other departments of art." (narrator) turner lived through one of the most p

so we're almost forced to go to switzerland and pull these kind of stunts, these kind of schemes.ile a lot of companies do this sort of thing, there is a question of scale. and i think what you have seen with apple and now with caterpillar is companies that went to extreme lengths to really get around the system and save just a ton of money. $2.4 billion over ten years is a really serious chunk of change. one thing that came out in the senate report this week was this scheme was so extreme that people both within caterpillar and with pricewaterhouse coopers, the company that paid so much to come whereupon this scheme felt a little uncomfortable with this. facilitate felt it was going too far. >> hp, microsoft and apple. a research that showed 30 billion to 90 billion loss of revenue from this type of operation under this tax code. >> exactly. and it's one reason. let's step back and think about this. one reason we've got annual deficits that we worry about all the time and that we can't invest to pay for other things that we'd like to invest in this country. r and d. you name it.

the champs league semifinal has been set in switzerland on friday.co madrid will place host to chelsea. the first legs will be played on the 22nd and 23rd of april. the europia league draw has also taken place. juventus are leading the italian side you may remember. real madrid will be hoping for their world footballer of the year renaldo has missed real's last two games. and the club has confirmed he has suffered an injury to his left hamstring. he scored 45 goals this season, including a record-equalling 14 in the champions league. from football let's turn our at -- attention to golf. the leaders in augustia will tee off in the next few hours. >> reporter: bad weather may have affected the buildup to the 78th masters, but as play got underway, conditions were perfect. only 19 of the 97 field finished under par. three-time champion, phil mickelson had a bad day at the office with this birdie helping to repair the damage of a triple bogey on the 7th. he would finish 4 over par. rory mcelroi got often to a good start. >> it was solid. i need what i di

christie's american and switzerland head of jewelry. thank you for taking stock. ♪

they shifted some of their ofits a holding company in switzerland to avoid paying taxes in the u.s caterpillarays they are i full compliance withhe law. tonighta consumer alert. general motors announced a new recall. it's one includes 1.3ilhicles. the carmer says the electric power steering c suddenly stop working. thnew recall bringthe total number of cars recalled since feuary to more than million. r a completeist of the vehicles impacte, you can chec out our website. news, eher consumer national hhway safety administrationuled rearview cameras will be mdatory in all new vehicles by may of 2018. he adminishe chansignicantly reduce the risk of death and seris injury from back over accidents. opening day. baseball is here a summer is around t corner. it is official now. some bad news for nets fans. -- nats fans. na park has e most expensive er in thleague. e cheapest is $8. the best deal the leae, the arizona diamondbacks. yocau get a 14 ounce canor $4. maybe ey need it. >> the next -- the next time you visit the national tout -- the national zoo, the may ba new face outsi. she will heccmother's

taxes by shifting profits to a newly created subsidiary in switzerland.nt to ask you about this. what caterpillar did is totally illegal. it is in the tax code. somehow, it doesn't feel right. why is it that corporations are still able to do all this? >> there should be another call for tax reform. our economy needs it. there is agreement in both parties. it's a damaging allegation. holdingsoverseas bothered voters greatly. against the spirit. people think, i can't take advantage of that sort of thing. caterpillar is seen as the great american manufacturer. it will be a challenging route for them to get through here. >> david plouffe gets hate mail from republicans. tom keene, don't turn into another mainstream media lapdog. >> that will never happen. >> we love your tweets. >> we will discuss our agendas. ♪ >> this is bloomberg surveillance. i'm scarlet fu with tom keene and adam johnson. our guest hosts this morning, scott galloway and david plouffe. time now for some company news from the files of bloomberg west. talk to swirling over what amazon may b

japan is number one, italy is number two, switzerland is number three. way to 70 to get to the united states. >> it's an area where the u.s., if you actually look objectively, we're just not delivering. we actually spend the most money on this of any country in the world, probably in all of recorded history in temperatures of our health care budget every year, but in terms of the actual outcomes, and that, by the way, the social progress index measures the outcomes you achieve, not how much you spent, not how much you care, not whether you have a big heart. >> mortality rates, life expectancy, obesity, child mortality. >> right. and it turns out that we're number 70 in the world. >> what i was struck by is you look at the countries that are around that number, it's iran, it's kuwait. there are no european countries that come close. >> we're way below the europeans on that. >> health care, people understand we do badly, at least a lot of people understand it. here's one that i was struck by. access to information and communications. >> right. >> we think

when she died, kali left 86 paintings to the museum in switzerland. the wart work never reached their intended destination. >> they vanished. for 16 years the whereabouts of the paintings were a mystery. four years the museum intensified their search for the artwork n january the polish ministry of culture turned to the fbi in san francisco. >> the polish government had asked us to try and reach out for one of the family members in the bay area and see if he was aware of the location of the paintings. >> the fib went to kali's nephew's home in santa rosa he knew where they were. they were being maintained in a storage facility and after a conversation with us it was agreed that we would take them and get them back to switzerland where they belonged. >> the fbi recovered 75 of the 86 paintings. the nephew said he was protecting the paintings and didn't know the museum was looking for them. the polish government says there are still some 80,000 pieces of art that are missing from its country. most are believed to have been stolen by the nazis and russia

, deputy director of the human rights director at mount sinai hospital in new york, and geneva, switzerland, the doctor who leads the team studying answered microbial resistence. let's go back to when these drugs were first introduced. was it always understood that this was a threat waiting out in the wings that some day resistence was going to be a problem? >> yes, indeed, from the very beginning. we have been alerted, the one discovering penicillin, and he, at his noble prize speech he already alerted the world that resistence to antibiotics would arise. once we start using these precious drugs the more we use, the faster they would become ineffective against the bacterial infections. >> was there a threshold that was crossed to get the who so concentrated on this problem. with my kids, our pediatrician would say we're not using this drug or that drug with things like ire infections. my kids are fine today. what is it that is now making this something that the world should be more concerned about? >> well, as you have said we have reached the point where we are facing a spread of bacteria

we begin with our eyes on geneva, switzerland, where we're expecting to hear from secretary of state john kerry any moment, giving us the latest to stem the tide on the crisis in ukraine. but the bar could hardly be any lower. nevertheless, it may be the only shot these two sides have of stopping a potential slide in this civil war. and if last night is any indication, the situation can get worse before it gets better. overnight at a black sea base, pro russian separatists demanded they surrender their weapons and switch sides. when they refused, three of them were shot dead. ukrainian soldiers try to root out separatists in at least ten regions in the east. putin blamed kiev for dragging the nation into the abyss. putin said "it's all nonsense. there are no kinds of russian units in eastern ukraine, no special forces, they're all "local citizens." it does not appear the u.s. is willing to send weapons or ammunition for fear of provoking a broader confrontation. >> we don't need a war. what we do need is a recognition that countries like ukraine can have relationships with the whole

when she died in san francisco in 1998, she left 86 paintings to the polish museum in switzerland.ation. >> they vanished. for 16 years the whereabouts of the paintings were a mystery. four years the museum intensified their search for the artwork n mid-january the polish ministry of culture turned to the fbi in san francisco. >> the polish government had asked us to try and reach out for one of the family members here in the bay area and see if he was aware of the location of the paintings. >> the fbi went to cally's nephew's home in san francisco were he few where the paintings were. they were being main taped in a storage facility and after a conversation with us it was agreed that we would take them and get them back to switzerland where they belonged. the fbi recovered 75 of the 86 paintings. the nephew said he was protecting the paintings and didn't know the museum was looking for them. the polish government said there are still some 80,000 pieces of art that are missing from its country. most of believe believed to have been stolen by the nazis and russians. >> they are find

>> this is all going to come down to whether or not the government prove they put that money in switzerland because they was demanding but to avoid paying taxes. >> how do we know? there is no caterpillar plant there. >> they are making. they wanted them close to manufacturing operations that are nearby, they are making a case, they are making a case that they, look, bill, this all goes back to the discussion about tax reform. >> of course it does. but caterpillar like general electric and other big con glom rants are coming ting taxes. they are keeping the money overseas. >> they have a responsibility to pay taxes and i totally agree with that however, there is demand overseas. they have got operations international. >> i was going to buy a giant tractor. i'm not going to do that anymore. i was. i'm not buying it caterpillar until you pay your taxes. all right. watch maria 10:00 a.m. on sunday. you are live here, right? >> i am live fox news channel. >> all right. thank you. >> miller is on deck. what more can i say? factor tip of the day bill clinton aliens and me. kimmel is an not an ali