大象传媒

Officials from 130 countries have agreed to overhaul the global tax system to ensure big companies "pay a fair share" wherever they operate.The OECD said on Thursday that negotiators had backed a proposed minimum corporate tax rate of at least 15%. US Treasury Secretary Janet Yellen said: "Today is an historic day for economic diplomacy." Alex Cobham of the advocacy group Tax Justice Network tells the 大象传媒's Fergus Nicoll he welcomes the news, but says the deal could have gone further. Also in the programme, former US President Donald Trump's company and its finance chief have been charged with tax-related crimes. Allen Weisselberg, 73, turned himself in to New York authorities on Thursday, where he was later charged with avoiding taxes on $1.7m worth of income. The 大象传媒's Samira explains what we know of the indictment. Plus, the entire western region of the United States has been experiencing an abnormally hot early summer. Christine Gemperle farms 135 acres of almonds in California, and discusses the impact on her business. And Jeanine Jones, interstate resources manager at California's Department of Water Resources, explains the impact of water shortages on the state's dams, which provide electricity. And as always we'll have a regular view on the US markets from Cary Leahy of decision economics in New York.

(Picture: US Treasury Secretary, Janet Yellen. Picture credit: Getty Images.)