and the 25% rate of taxing in china would be all that tesco would pay. we would be the 25% and then the additional 10% as far as the u.s. rate. we also and it comes into play even in acquiring the business and then as i mentioned tesco is now growing stores and business in the united states so we are opening the door for the foreign retailers to have an easier entry to compete in the united states against u.s.-based retailers. >> senator, i think that mr. duke is spot on. we have other companies out there that operate food and drug comoros in the u.s. but the same principles mr. duke mentioned apply the and create some competitive challenges. stomachs before. my time is expired. thank you. >> senator conrad? >> thank you mr. chairman and thank you very much for holding this hearing. i think it's so important. i was part of the fiscal commission as was the chairman of the committee. i've been part of the group of six. both of them concluded you've got to have fundamental tax reform to broaden the base, to lower their rates and help us to be more competiti

finally let's take a look back at all the weekend's football from the russian premier league tesco moscow still lead the way despite a to nail him defeat to title rivals in eight but it was a drama in the dog for spots like attack which stole all the spotlight his girls girl. and that's all this was i think. in the united kingdom she's available in the house bill and. the old way even if. it gets in the millstone hutto some country house holiday in the pool. halls to remember the groom the chesterfield. the royal the rubens hotel. this is the headline is chaos reigns thousands of police move on to the streets of london to prevent. looting of the three days of disorder. some businesses close is fear is rising another night simple islands have all the latest from london in just a few moments. u.s. stocks closed losses following the biggest slumping years after america's credit rating downgrade. europe's top bankers says the constant of those going through the worst financial crisis since world war two as the central bank loans from the region's crippled economy. welcome this is just off the

so tesco are looking to restore their seventy four and cushion at the top as new boys club they took a seven minute lead things the case it is going into but the home side missed the first half penalty hitting the post for finally equalizing on the hour to under eight and want to finish the on the men's lead down to five points. moscow state seven despite winning three of that crossed off in the late game elsewhere in a moscow maintains their top three position were they to know the stubborn longer the new boys were reduced to ten men approaching the hof yeah i love the two yellow cards just over a minute however it was only after sixty minutes that russian midfielder egocentric . method of beauty finally i think for the home side. it's on the son he had off to the school line whitfield was first to the rebound deep into injury time. yes. one saturday twice former champions robin suffered a short swing of defeat at the hands of visiting and jamie brazil rajendra better call us initiated and she's first seen after the break we'll go but so did you cough drop the ball how much as you h

the force only when in a row what if it's me level on points or tesco i say we're guilty of missing child says i don't there was a bitch was guided penalty right before the break i think so because of course i did a level shortly after the interval making him the league's top scorer up with ten goals but one zero was how it stayed in china split his men to two points off top spot afterwards that's a bitch denied rooms and is about to be sold to one she i well i'm jean was showing off new signing you were sure to come off but his debut was well and truly spoiled aspas life was the moscow side cruise past the biggest outfit three nil at the asian if you're into brazilian strike arey blasted in the first and then he turned provider to me to come out of netted from close range but the haste to not buy the interval and spot i continued to press in the second half with eighteen year old alex on because love between his maiden top flight goal spotted coach the larry copy nor did his players afterwards say the team had played that best for months i also heard well can i say this game is one of ou

for example, we compete in china against tesco from the u.s.. when the u.k.of taxation, they pay 29% to china on their business profits there and no additional tax when they bring money back to the u.k.. in our case, we pay 25% to china plus an additional 25% to cover the differential between the u.s. statutory rate and the chinese rate when we bring that money home. the result is that we are often outbid for retail sites because companies would lower overall tax rates, have a lower cost of capital. when we do wipe, we pay more overall. the keys to reform are to lower the corporate rate, get rid of existing incentives that benefit some industries over others, and level the international playing field with a territorial system. if we take these steps, we will drive the vir choose cycle i described. with more u.s. exports, more investment, and more job creation at home. thank you, and i look forward to your questions. >> thank you very much, mr. duke. mr. falk, you're next. >> good morning distinguished members of the committee. thank you for the opportunity to

tesco recently bought an 80% stake in v.o.d platform blinkbox. >>they realised that from the technological side of this, it's quite complex and it wasn't necessarily a skill they had in-house. and really understanding how digital consumers behave and understanding how they work is quite different from necessarily the skill set they had in-house. >>we do a lot of work with itunes at the moment, we obviously have a lot of work with lovefilm. as we see new players come into the market we keen to work with them and to bring our titles out to as many people as possible and on as many services as we can. >>reporter: it's a big step for the industry, but would be a giant leap for consumers who still seemto be keeping to the shallow end - for now. >>...the number of times a feature film is seen in its entirety on the subscription vod, from first frame to last is quite minimal in terms of a comparable being how you would expect a viewer of a dvdthat they purchased to really watch the entire film from beginning to end. so it's much more like the tv market

and finally let's take a look back it's all weekends football film the russian premier league tesco moscow still lead the way despite a two nil home defeat to title rivals unease but it was a drawbar in the dog for spots at the rec which stole the spotlight his goals go lower. the man. to. come and. to. come and. and that's all i think. the old. coot the latest in science and technology from the ground force and. we've got the future covered. hungry for the full story we've got it first the biggest issues get a human voice face to face with the news makers. this is our team moscow at the top stories chaos reigns thousands of police move on to the streets of london for the new violence and looting after three days of disorder. shops and businesses closes fears rise of another nights of boylan's have all the latest from london in just a few moments. also u.s. stocks head back down are for a frank admission about the american economy spooks the markets. the federal reserve admits the u.s. economy is weaker than originally thought and risks are only increasing more details from new york coming

and finally let's take a look back it's all we can offer on the russian premier league tesco also still lead the way despite a two mill home defeat to title rivals in it but it was a drama when the dog or spots like at the rec which stole the spotlight is goals go lower. the be . the be. the be. the be. the be. come and. come and. and that's all i think. i'm gonna. get. oh. and. also. the bring you the latest in science conflict going from the ground forces. going to the future of coverage.

the level of dedication that the 49ers have and the santa tesco police department is tremendous. please, we ask you to come back. -- san francisco police department is tremendous. i want to go through some security initiative that we have in place, have had in place, and additions. with events like this, sometimes things get lost in the shuffle. of all the officers, the countless number of security guard that work the event for us, they performed admirably and in many cases, absolutely outstanding with what they have had to deal with. in my 19 years of doing this, i have never, never had to do with the amount of calls for service, the amount of fights, behavior that is absolutely not accepted at our stadium, or quite frankly, at any other sporting event across the country. hats off to you, chief, and your team, security, a shares, ticket takers who had to endure the behavior of people that i do not think should be called fans. for those of you coming to the games, it does not matter which team you support. the behavior of saturday night is not welcome. do not come. you are absolu

but first a fumble and sunnis have missed the chance to join tesco at the top of the russian premier league after coming back to go one one of times one car of course league went in a row would have courts the defending champion level on the amount front legs and like calling it serve with an car ahead midway through the first half and an exam because of course level six minutes after the break one or it stayed in each of his abilities meant two points off the top but also where you should go if he is making his debut for his spartak moscow have the upper hand and. bottom side clearly is that a. more like about seat of net today's defeat since the arrival of new coach jersey crusader last month even though they failed to score for a second straight game throughout my mental health were not their goal is strong this time it's a boulder and it's going to be closer to break the deadlock story can see a goalie in charge of the rules that brought some ways. every team mr chase in this company started a last gasp equaliser in a one one draw rubin saturday the home side pulled ahead just be

and there's a big game taking place this saturday evening in the russian premier league as latest tesco moscow opera parent has second place defending champions in it that both sides are struggling with injuries and that said most fans are as. a sideline to the army men lots of nato misses back and bank allows a bitch but could hand italian defended the medical clichy to his debut five points currently separate the sides lost on the mets are a full attention simpy to spectate scott were awarded a technical three nil victory office and it failed to field at least one. well also the saturday in the year because angie welcome tom or i will be without you sign your coffee or join the side after russia's friendly with serbia next wednesday night of all got under our stuff but also go head to head command face and inform dynomite who've won the last five games. and one of the numbers relatively new signings this done with some of each is still trying to make an impression at the club the bosnia midfielder captain and most capped player has netted twice in thirteen games for the moscow side so

but first of all for alison it's a missed the chance to join tesco at the top of the russian premier league after coming back to draw a woman's home to him car and force league win in a row would have put the defending champions level on points with the all the men i meet in the column it served put our car ahead with a long range stunner midway through the first half thank our last ridge then missed a penalty for zero eight right before the break if you can fly over the bar i don't know much said he staying at them despite previous from the move to enjoy a well at exam that did to their level six minutes after the break a joint top of the league's scorers list one zero is how it stayed in china spread his men the two points off the top. while i was well thought that told you it is your cubs debut for an injury and the moscow club cruised past the biggest downside three no there is no theory no brazilian striker are you regroups to find a list that you don't put up with thirty five minutes gone he then turned to provide that nine minutes later me to come out of netted from close rang

though and champions and he's have narrowed the gap to five points to russian premier league leaders tesco moscow after winning one nil at him to second bottom spot on which almost but actually sides took the lead after twenty three minutes and that defies human pedal alexander courage of course. a league only game is the same piece as backside home loans of them that are least tense picture of the campaign unbeaten in eight consecutive games. such as go are looking to restore their seventy point cushion at the top of a new boys' club who grew up with they took a seven minute leave things decrease it is number but then the home side missed the first half penalty getting the post finally equalizing on the hour to under a retires and want to finish the our men's lead down to five points. moscow state seven despite winning three never crossed off in the light game. to moscow maintains their top three position with a two no that can understand the vulgar new boys who were reduced to ten men approaching the hard foul yeah they are now about picked up two yellow cards just over a minute however

one on saturday champions and humbled league eight as tesco moscow to nail to get the gap to the top two just two points two goals within one second half minutes did the damage to them because a call for an end to fifty four minutes with a pinpoint header before an unmarked that's when the new call for us was limited to nil it's simply ego i can say is just me a post that if it was only the second this season batista was neat and now i'm beaten thing nine games. so i read if it so far this season for it's a scale supporters but some of the fans will want to remember this day for a very long time as a group of birthday boys and girls were given the perfect present the chance to walk out onto the pitch with their heroes scott mcclellan has more of. all these kids have at least a couple of things in common one of them of course is their undivided love for the red and blue club says moscow and the other is that they're all celebrating their birthday in august i must say to purchase i read the announcement and says sky website and now both my sister and i are here to lead the players out.

side had to come from behind to climb a wall draw at home to i'm caught missing that chance to join tesco at the top of the table and cost the defending champions with aces luck midway through the first off an example let me do new damage in the fourth league win in a row wouldn't put it to the level of once you taste that they would go see missing truces the last of each sky and a penalty before the break you get is that alexander was recalled did level shortly after the interval in the league's joint top scorer it's ten days but it's one zero is how it stated trying to split his man off two points of top spot but it's not to be denied lewinsky is about to be sold to m.j. . well under a rushing off new signing you should go off but his debut was well and truly spoiled by spots that is the most their side cruised was the biggest and i think it's remember the original theory no brazilian striker ari blasted in the first and then he turned to provide at least three combat off netted from close range with his to look into spots and continued to press the second half we eighteen year old alex

so tesco are going to restore their seven point push in that it's all new boys present all with a space seventh minute leak and sticky seeking honda that's been the heavy side missed i first tough penalties hitting the post before finally equalizing on the ah and like ok if and when one knows how it finished the only men's lead down to five points. finals london on a must and maintained their top three position with a two no victory and the stubborn bold of the new boys were reduced to ten men approaching the hall fall off the lot of us from the two yellow cars just out of room it's under the mounted volunteers deny then scored an absolute beauty and grow some shells. in the sun yet those instances the spoiling the midfield are first to rebound deep into injury time. when looking mighty state seven through the three no without us off the meeting the spot missing the first off the just eight minutes this third goal as many games then ten minutes after the interval was a full on full humble ball and that makes this a jumped up and look honestly penalties whilst it's the best spot if you k

further reports suggested even agreed terms on a four year deal jericho joined russian and chelsea from tesco two years ago but fails to secure a regular place in the starting line up after a series of knee injuries from his first wife reported move is said to be worth around twenty. two million u.s. dollars however angie's management have to climb to comment before any deal is actually signed. to the n.f.l. now and indianapolis colts quarterback peyton manning says he still doesn't know when he'll be back in action the thirty five year old underwent neck surgery in may and historic operating however he says he is delighted he signed a new five year deal with the colts with nineteen million dollars. that was important for me to get all this done so i can concentrate just on one thing it's getting healthy and that a lot later i'll be with the lockout in my bad mood in the lockout discussions with . jeff and them for sure trying to get this country done show it's nice to get those two things behind me i can assure that one thing that's good you know. and back to winning ways is former tennis wo

first of all and then each have a chance to join tesco at the top of the russian premier league this sunday offis league win in a row this time at home to one car would be enough to put the defending champions level on points with the all men however. he insists. the match won't be easy i'm gonna have a better record on the road than at home i have still only won five games so far this season so need a still without injured meant for that said go to mac and cheese midfielder danny is a down's i'm card don't have any injury problems but history isn't on their side the last time maybe it's a need in the top flight for six years ago. while also other sunday night new boys vulgar welcome it table looking motif spartak moscow host and g in what should be your debut for the visitors cousin dot plate bottoms likely as a bit of. so every team chasing to skivvy salvaged a last gasp equaliser in a one one draw to repeat on saturday the home side pulled ahead just before half time because natural sport and spot the referee play for handball when the tide looked to have turned in the second half

so we're ready for it so far this season for tesco supporters but some of the founders will want to remember this day for a very long time as a group of birthday boys and girls were given the perfect present the chance to walk out on to the pitch with their heroes scott mcclellan as well. all these kids have at least a couple of things in common one of them of course is their undivided love for the red and blue club says moscow and the other is that they're all celebrating their birthday in august. thirty first i read the announcement and said sky website and now both my sister and i are here to lead the players out. the announcement sasha was talking about is a club trauma company and aimed at winning over the hearts of supporters from an early age in this case it's both boys and girls aged eight to twelve all parents have to do is submit their kids' birth certificate to see as and they will get an opportunity to leave at their favorite player one of their games that problem or schools that were made that told me that i could leave the player on to the pitch i said yes straight away because

first though and champions and have narrowed the gap to five points to russian premier league leaders tesco mosco after winning one nil at home to second bottom spot at neutrik but john especially sides took the lead off to twenty three minutes unfit to head up with alexander courage of course had a goal of the game out of the same piece as backside home going to their narrow lead to tense the tree of the campaign unbeaten in eight consecutive games. such as go in looking to restore their seven point cushion at the top as new boys club to go up but they took a seven minute lead thanks to casey's going into but the home side missed a penalty hitting the post finally equalizing only out to under a care and want to finish the obvious men's lead down to five points nothing to moscow state seven despite winning three another crossed off in the late game. demo moscow maintained their top three position with eight to no trying to stop with the new boys who were reduced to ten men approaching the hof ah yeah the love picked up two yellow cards just over a minute however it was only after sixty minu

so tesco are going to restore their seven point cushion it's all i knew was pleasant thought with a space sentence minutely the specific owned thoughts that the high side missed i first off penalty facing the post before finally equalising on the yeah and like the players and one one who saw it finished the all women's lead time to five points. on us but in our most span maintains their top three position was a two no victory and the stubborn gold of the new bores were reduced to ten men approaching the holes up the out loud from the two yellow cars just as removalists under the man advantage denied and scored an absolute beauty and some filth. in the sun yet the influence of the school on the midfielder first of all rebounds deep into injury time. and looking mighty state seventh with a three no winner at us both for meeting us both missing the first off the just eight minutes he spoke of many games then ten minutes off against both eyes are going on behind the ball that makes this a trough look closely and also responsible it's just a spot if not then it's to got a really good how you s

a special report suggested even agree on a four year deal to go off joint russian i'm chelsea from tesco two years ago but failed to secure a regular place in a responsible line up after series of knee injuries that's right the new reported move is said to be worth around twenty million us dollars however angie's management has declined to comment for any deal is actually signed like a stone slide signed brazil legend roberto carlos in february. while on the pitch i'm cos not a late equaliser in samarra to draw one one with the best of remain bottom of the russian premier league the home side were on course to move out of the drop zone as they would one nil up after ten minutes through a crack at a man to man but with nine minutes remaining in the. top top with a late equaliser put on for a clear straight bottom with a poor record of just two wins out to you today so far this season. and a quick look at the foot of the table confirms all miscreants are better off now have twelve points missing it's. instead about class golf and spotlight now just because of that late draw on top of the e

so after all but take a look at the top of the table after twenty one games tesco remain top two point two zero eight off five points further interest closely followed by st. top of the other and. clearly a subject of state boston but that chlorine that way back in st seems out i mean one point about them the soft spots are no trick. well all over england it's much the city here lead the way after winning three two at bolton to claim their second straight victory from the opening two games in the premier league that is over barry heading jack i will tell you the business is quite elsewhere it wants to escape relegation last may be for them to know to also make you see these two australians grabbed a last gasp draw a new poison or each side still says in deference to the season much tonight it was taught them it's monday night why in the meantime more pressure has been heaped on austin manager austin venga after picking up just one point from two games since the start of the domestic season the gunners will now have to do without going for the next two european games as the coach was su

as those reports suggested even agree on a four year deal just got a joint russian i'm chelsea from tesco team years ago but failed to secure a regular possibly starting line up after series of knee injuries first roy a new reported move is said to be worth around twenty million u.s. dollars however and he's management has declined to comment for any deal is actually signed flagstone side signed brazil legend roberto carlos in february. well on the pitch i'm cast not a late equaliser and some are as you go one on one with me as the rest of the remaining bottom of the russian premier league home side who are on course to move out of the drop zone as they were one zero up after ten minutes through a crack up by a man and a man but with nine minutes remaining the. popped up with a late equaliser planned for a clear straight bottom with a poor record of just two wins as it saves all this season. and i wouldn't look at the foot of the tie looking for this reason as of now i have twelve points missing a chance to read about and spot right now just because of that late fall and translate elevent

well meanwhile russian champions in petersburg and currently greatest tesco have both been handed relatively comfortable draws for the group stage of the champions league well let's have a look at those groups in order in which the top two teams will go through in a tough group a champions league day return to manchester city have been drawn against german giant y. and unit spanish to do the layout and experience italian luckily. waltz a scot joining three time winner into milan french champions league. runners up clubs on sport who replaced the van and then it all shakes from last season's finest manchester united are in group c. which is arguably the z. is for them along with ten feet tall and remain in view calmest pottle galati. while real madrid who won the tournament a record nine times face competition from french side leo champions i axed an amazon from croatia in the group d. and in the meantime chelsea were assigned to group b. with violated cusanus and belgian side gang. had also qualified via their playoff victory over it in a.z. will face marse a brief olympiacos german champion

for the engine i can for you could be out for six months after something crucial ligament damage in tesco spotting up on sunday let's have a car has every confidence in the affair he knows well from his days in charge it's a mix. of a lot of congruence because the shoulders and was well he was my number one. for moving through. no fault of the. mother for his good mood. with the clock ticking down on the european transfer window english premier league side liverpool have completed the signing of europe wide hot prospects the best and go after is from nothing now the up and coming defender pending what is described as a long term deal he is twenty and stands at just under two metres tall the hardest shot into the spotlight story here is going to write a winning run at the copper america in july just think the best young player of the tournament coffins is joining his international team mates really suarez at the reds suarez was named the best player after the america. with young talent flowing in liverpool have let their experience winger joe cole go out on loan trying to a nine year old f

side hansa come from behind to claim a one one draw at home to one car missing their chance to join tesco at the top of the table stuns the defending champions with a midway through the first tough exam i mean it serves no damage to falsely green in a row would have been to the level on points with a taste of what they were guilty of missing children says i got a lot of it she spied a penalty right before the break. alex and there's a golf did level shortly after the interval making the league's joint top scorer to ten goals but one zero was how it stayed with china spector's man two points the top spot after his as a bitch denied when this was about to be sold one dream. well angie we're showing off new signing you as your golf but his debut was well and truly spoiled by spots like the moscow side cruise past the douglas and outfits three minute usually cyrena strike arey blasted in the first and he then turned provider to me to come out of the netted from close range. the host to follow up by the interval and sponsor continued to press in the second half into an exam that does love him

well meanwhile russian champions in petersburg and current leaders tesco have been a relatively comfortable draws for the group stage of the champions league well let's have a look at those groups in order in which the top two teams will go through in a tough group a champions league debut since one of the city has been drawn against german giants why you need spanish to do the layout and experience italian for. the all tastes joining three time winners in some milan french champions league soccer is run as a clubs on stuart and replace the front runner got shaky. last season's finest manchester united are improving see which is obviously these years for them along with better. and remain if you come as possible. while real madrid who won the tournament a record nine times based competition from french side leo that champions i axed the mozart read from croatia he added in time chelsea were assigned to group b. with balance here by a later cusanus and belgian side. and also qualified by their playoff victory over it in a.z. will face marsay creek a limpy all horse german champions dortmund

viewers we're seeing police officers there earlier on charging across what looked like to be tesco as car or we've got back to live pictures now you can see a cordon of police we're just seeing what looks like tear gas being rounds of tear gas being fired off actually it looks like missiles being held towards the police by the rioters there in the towards the bottom of the picture we can we're seeing a cordon of police officers across one of those streets there in hackney let's stay with these pictures if we can what was the catalyst for all this is it all over the fatal shooting by police of mark duggan the twenty nine year old is that the catalyst for all of what we're seeing now what's your understanding. well general understanding today is the what were the violent scenes we're seeing now in hackney in the northeastern city it was actually sparked by a different event that was stopped and searched by police of a man in hackney and then he was later released without any charge and that was the catalyst there but it seems like. people are on the edge basically on the cusp of what a

they will suffer a champions in eight humbled league ada's tesco moscow two nil to cut the gap to the top to just two points two goals with a more in the second half minutes to the damage alexander cocksure cough opened after fifty four minutes with a painful. four and unmarked cars swifty made it to nil in something like in favor of his near post that i think was only the second this season for taste i wasn't now completely knowing games which china split and raised his charges that counter-attacking star. is reflecting on a look we have played c.s.k. in many times the know the attacking dangers of their forward such as one of a dummy and so we made a decision to limit the space and to defend deep to try to catch them on the break they had more possession but we were the team that won. so we're ready for it so far this season to test our supporters but some of the fans will want to remember this day for a very long time as a group of best they poison goals were given the perfect present the chance to walk out on to the pitch with a start with lennon as well. all these kids have at le

just full of superstores from britain, tescos in the case i was worting under the time.0 stores throughout china. it seems to me there are certain types of american business leaders who get this and who are aggressively taking their products made here or their products taken over there and made there into china are selling them to the chinese. there are lots of other businesses standing back saying, whoa, this is all too scary. they're the enemy. we can't help them. that has to be wrong. the answer has to be, america having more apples, doesn't it? more mcdonald's. more starbucks. more things created by americans that the chinese want. >> well, we live in a global society. and that global society, i don't put a label on. i think the opportunities that the private enterprise has to extend the brand in their business to the people who are buying the product. but i think you bring up a subject that i think is important. great companies that build an enduring brand have an emotional relationship with customers that has no barrier. and that emotional relationship is on the mo