Posted on 12/21/2017 10:56:56 AM PST by ding_dong_daddy_from_dumas
Last week, the finance ministers of Europe's five biggest economies Germany, France, the UK, Spain and Italy wrote an anxious letter to their American colleague, US Treasury Secretary Stephen Mnuchin, and copied it to all senior Republican politicians in the Congress and Senate.
The letter's thrust: The draft US tax bill, if passed as written a week ago, would represent a break with global fair-taxation rules as applied to corporations, and represent a thinly disguised form of trade war.
"The United States is Europe's single most important trade and investment partner," the finance ministers wrote. "It is important that the U.S. government's rights over domestic tax policy be exercised in a way that adheres with international obligations to which it has signed-up. The inclusion of certain less conventional international tax provisions could contravene the US's double taxation treaties and may risk having a major distortive impact on international trade."
(Excerpt) Read more at dw.com ...
President Trump should tell the EU to stuff it....
Siemens and Bayer hardest hit
Apparently the US putting other countries first was even worse than I thought and I thought it was pretty bad.
MAGA!
This day (Dec. 22) the UN Security Council has voted unanimously to increase sanctions against North Korea.
http://foreignpolicy.com/2017/12/22/un-votes-for-new-sanctions-against-north-korea/
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