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 ...
Translation: The EU controls US tax codes (but we don't care what any other nations do). The Big Bad US is stealing our jobs but we don't want to lower our own taxes.
FUEU
I’ve got your “Global Rules” right here pal...
Global Rules???? BWAHAHAHAHAHAHA!
So..... let me see if I can put this mildly....
Dear EU :
Go FYS
Sincerely
The US Taxpayer
Man, this just keeps getting better and better.....
>>> ..... could contravene the US’s double taxation treaties and may risk having a major distortive impact on international trade ...... <<<
Ho ho ho. A threat, you think? How do you say GFY in EU language?
GFY!
We can and will deal with ‘a major distortive impact on international trade’ when the crisis comes up.
bttt
We need the picture of Ray Liotta laughing from the movie Goodfellas here ;-)
Oh--The same guys that just voted against us at the UN?
If that is true, why did so many US companies go to Ireland?? Ireland is a member of the EU!
Global Rules???? BWAHAHAHAHAHAHA!
It’s an amusing fake criticism.
First....to say there is some ‘fair deal taxation’ rate makes your argument fake from the start.
Second...the one thing I don’t get from this whole criticism is what US product is going to have the big unfair advantage. It’s not like Germans crave the PT Cruiser or Chrysler products. US steel still can’t compete against Indian steel on pricing.
Third...if they really want to get at fairness....why not drag back up the TTIP trade deal that they dumped at the last minute. Please note...Trump wants major revisions to TTIP and it’ll take years to work this out.
Fourth and final...let’s talk GDP. The US has had a lousy GDP rate since 1999. Germany has been on a 1-percent GDP rate since the early 1990s and thinks thats a great rate. The US hasn’t seen a 4-percent rate since the 1990s, but that used to be almost the norm for the US. Germany is acting like the one-percent GDP is the best goal in the world. That makes no sense. By the end of 2018, we will likely see a 4-to-5 percent GDP. Go talk jobs at that point.
Where do we sign up to join the EU?
;-)
Sometimes you win, and sometimes you WIN BIGLY!
This will be the basis of the dims lawsuit filed in 3...2...1..
The EU is proving themselves to be a bunch of girlie men. Don't be a girlie man.
Oh, I SO hope the WTO actually issues a ruling that our tax reform is illegal. It will cement the election of dozens of Trumps for decades to come!
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