Investors taking profits ahead of this weekends parliamentary election. The motor city gets weighed down under a mountain of debt. Detroit filing for theargest municipal bankruptcy in u. S. History. Hi, everybody. Welcome to the program. We have got two hours together. Finance ministers gathering now at the g20 meeting in moscow and theyre expected to ratchet up the crackdown on Corporate Tax avoidance. Now, later today, the oecd will be unveiling an action plan aimed at tackling Profit Shifting, which has thrown some of the largest multinationals into the spotlight. Lets get the details with julia chatterley from moscow with more. Julia, a lot on the agenda and taxes definitely one of the issues theyre going to be talking about by the looks of things. Absolutely. Huge agenda. Growth, jobs and tax avoidance. As you said, the oecd just about to announce their proposals to targeting tax avoidance by the large corporations in the g20. You cut to the heart of it when you said a Profit Shif
24 hours, and then that parallel coast to the east coast of florida, it does look like theyre going to get grazed. Its going to be a very close call to see how strong the winds are on the coast. As of now the eye is expected to remain offshore, then were going to watch the storm going up along the southeast coastline. Here it is on radar. Theres freeport, and you can watch the eye of one of the most powerful hurricanes weve seen on radar in the last 84 years. Wow. These binoculars make you feel like youre in the club. Its like a 100,000 feeling for free. It looks really quiet. So does that just mean nobodys around . I dont think the season technically has started yet, number one. Number two, the president s not here. Hes in washington. This is maralago, the private resort in palm beach. Its one of Many Properties and companies that are part of the Trump Organization Family Business, which ultimately will benefit the president. Since his inauguration, until july 2019, President Trump ha
President. Since his inauguration until july 2019, President Trump has spent 99 days here. For many, this 20 acre estate with its lavish decor and 500 paying members is a symbol of the potential conflicts of interest that plague the trump presidency. That is why we are here. This is a place where it costs hundreds of thousands of dollars to be a member. The price went up after he was elected president. It is funny to think this is Donald Trumps backyard in florida. We want to know if and how donald trump is actually profiting off of being president of the United States. Maralago is just one example. The trump Family Business has dozens of Properties Across the u. S. And around the world. Office towers, golf courses and hotels. They all pose potentially serious conflicts of interest, partially because they involve members or tenants indirectly paying the president of the United States. Are they getting benefits, actual access to not just the president but the president s seat. It is a n