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So earlier in the show you saw him making fresh guacamole and whipped cream and -- -- now it's time to explain what all this has to do with business news here -- out of Fox Business exclusive.
Tupperware chairman and CEO Rick Goings your stock has been on -- terra for five years now you're coming out with new products -- that.
Actually help -- such as Tupperware storage helping to make the food.
How could how big could this be for your bottom line.
Well it's -- huge for us because it gets us in new.
Well markets where we've been for many years like France this whole new younger group of women coming -- the doesn't have time to go but she still likes to be around the kitchen.
And it also in emerging markets none of these use electricity so I'm gonna make a good spot to hear and less -- ten seconds.
On that hot seller you've got the tomato juice it then I've got onions and -- it.
Every pull of this kind member 50% homes in and you don't have electricity and that this works in France every -- He flows for a thousand -- of the night.
It's what we can't help Cuisinart -- it well and it doesn't use any power and it's easy to.
Cleanup and and you sit there and took -- -- spark to it makes him.
There was less than ten seconds.
Wait this this could be here -- -- this really could be a big driver Tellme where your biggest markets are what's interesting about Tupperware we've talked about this before.
-- merging market business how cases developed market business yes but then there's a key reason for that.
5% of the population lives in the US 5% Europe.
It's the rise of the rest what we're seeing out there are so.
All these emerging middle class is out there but we're also growing in France and Germany so we're a story for -- stand for status markets and emerging market.
Now you made whipped cream during the time that asset and I intend seconds instead of what a lot they want to get -- doing it by hand up.
As to corporate taxes I have to ask you this because we have Timothy Geithner yesterday and he said he wants to lower the tax rate for companies like you to about 28%.
But then eliminate all the deductions could use it without her would you send out your lobbyists to -- say no no no I need my loopholes.
Well I don't think we senator lobbyists we do more -- -- business offshore in different places of the world to mean.
Canada our northern neighbor we used to make all the jokes about candidates have a 15% tax rate it's made it very difficult to compete.
Corporate tax rates 35%.
That you got to pay a the dividend tax so it's.
You don't think it's not a great situation in the US do you have a lot of funds.
But revenue parked offshore the repatriation holiday he told us note -- that that he wouldn't.
Cut that tax if you have an opportunity to get there -- it's a major issue -- even looked at the situation.
That we -- 90% -- business outside the US and the becoming a Swiss company if that happens real and you have a lot of companies that are teed up.
It's gonna lose jobs here and lose revenue Rick Goings of Tupperware ticker symbol -- --
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