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Equally the other Member States lack those protections as well. If we then come on to our cfc rules, we revamp our cfc rules broadly at the same time we much to a much more territorial system of tax. That slide gives a very broad summary of the old rules and the new rules. I think two key points about the old rules, they contained a quite strong presumption that activity should be in the uk if it could be, if you like. So therefore, there was a tendency for there to be a pull into the uk. If you moved activity from country x to country whyy, there might be a question why hadnt you moved it int...

Broadly at the same time we much to a much more territorial system of tax. That slide gives a very broad summary of the old rules and the new rules. I think two key points about the old rules, they contained a quite strong presumption that activity should be in the uk if it could be, if you like. So therefore, there was a tendency for there to be a pull into the uk. If you moved activity from country x to country whyy, there might be a question why hadnt you moved it into the uk or where wasnt it in the uk in the first place. So that impact on foreign to foreign transactions was particularly c...

A lost 50s but home 60s with sun through 4 00, grab a coast sun through 4 00, grab a coast it will be cooler this evening bridge toll plaza where the metering lights are turned on. Now we are seeing more traffic but i tell you, it is light everywhere and we do have one accident near fremont with the details coming up. A holiday reprieve. A young boy is in the hospital with major energize after falling 200 feet off of a clip. First responders rushed to the scene and. Ifed a dramatic rescue. It happened last night in bodega bay. The boy is hospitalized in santa rosa. That is where the News Repor...

Interest. Sobering new warning comes as an International Manhunt is under way for the militants who murdered journalist james foley. The second night of calm there in ferguson missouri. Governor jay nixon orderin National Guard troops to withdraw from the town. Were here to secure a sense of peace for our community. Chicago dealing with serious Flooding Issues right now. This after thunderstorms and heavy rain. More is expected there. A patient in sacramento has tested negative for ebola. This news comes as two americans who contracted the virus in west africa have beaten the odds. I am thrill...

Live from the cbs bay area studios this is kpix5 news. Its 20 feet bay area roads no match for this storm. A giant sinkhole swallowed the street. 20 feet wide tonight and its getting bigger. We havent had two days of rain like this in six years and theres more in the forecast tonight. We are not completely finished with the rainfall yet, still scattered showers, absolutely nothing like the thunderstorms and heavy rain that we had 24 hours ago but still the radar is pretty active. Kpix5 hidef doppler showing rainfall for you, walnut creek, concord, pleasant hill, a new batch of light to moderat...