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 ...
Perfect! Thanks!
Thanks too!
I think China’s behind this.....Nov.4, 2017 China called for more tax policy ‘coordination’ under the global governance framework.
To the EU I say: Chuck You Farley!
I’ve been reading ...foreign leaders really quite concerned they will loose revenus $$$ ....and of course they will. They don’t like it that these will be brought back to the US.
Others are considering now to change their own tax plans.
So they’re shaking....lolol...
Basically they are upset that Trump decided to play the game by their rules.
The US hadn’t been doing that for a while.
I certainly hope so. That was the whole point of the corporate tax reduction.
Globull rules??? Enforce them...you euroweenies. Hahaha.
By 2020,most businesses overseas will be in the US and Europe will be left with poor,raping,brutal Muslims.....Annnnnnnd no money to keep Muslims from killing everyone
The last time I went to Europe the people I talked to seemed to assume that the USA had an oblgation to follow policies which would benefit them. I suggested that they reform their own government. But they apparently thought they were helpless unless they could influence “unfair” US policies.
The U.S. government does not have rights - it has POWERS.
Thanks for breaking it down.
I never knew it was that bad. Like most people I just assumed the tax was on the amount transferred to the US, not the whole kit ‘n kaboodle.
Which is why they really hate the new 20% excise tax, levied on payments made when an American company buys goods or services from a foreign subsidiary or “affiliate” — unless the subsidiary elects to treat the payments as income in the US. Hell, they may fire the US lobbyists and congresscritters who were supposed to kill the Trump tax bill.
Here is a funny article from CNN, criticizing Trump for actually keeping his promises, and pushing that he hasn't kept all of them (in his first year!). No mention of those blocking him...
Your global rules have been Trump’d.
Today all the EU Countries voted against the US or abstained in the UN vote to condemn the US for moving its Embassy to Jerusalem so we should just start by giving the US taxpayers another break by cutting all foreign aid by 50% and funding to the UN by 100%.
You never start out with your real end number in public. Always start low and work towards it. Makes the other side feel like they got a win even though they lost.
Dear EU and UN, KMA. Signed, Donald Trump.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.