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US tax reform breaks global rules, EU says
DW (Deutsche Welle) ^ | 19.12.2017 | Nils Zimmermann

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 ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Germany; News/Current Events
KEYWORDS: 115th; eu; eunuchs; eurabia; euranus; eurobanking; europeanunion; eussr; fourthreich; globalists; maga; mnuchin; socialism; socialmarketeconomy; taxes; trump; trumptaxcuts; winning
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To: Menehune56

Perfect! Thanks!


61 posted on 12/21/2017 11:55:23 AM PST by Ronniesque
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To: USS Alaska

Thanks too!


62 posted on 12/21/2017 11:56:09 AM PST by Ronniesque
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To: Mouton

I think China’s behind this.....Nov.4, 2017 China called for more tax policy ‘coordination’ under the global governance framework.


63 posted on 12/21/2017 11:56:09 AM PST by caww (freeen)
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To: ding_dong_daddy_from_dumas

To the EU I say: Chuck You Farley!


64 posted on 12/21/2017 11:59:14 AM PST by tje
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To: Grampa Dave

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...


65 posted on 12/21/2017 12:01:16 PM PST by caww (freeen)
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To: ding_dong_daddy_from_dumas

Basically they are upset that Trump decided to play the game by their rules.

The US hadn’t been doing that for a while.


66 posted on 12/21/2017 12:18:55 PM PST by redgolum
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To: ding_dong_daddy_from_dumas
”...and may risk having a major distortive impact on international trade.”

I certainly hope so. That was the whole point of the corporate tax reduction.

67 posted on 12/21/2017 12:23:53 PM PST by noiseman (The only thing necessary for the triumph of evil is for good men to do nothing.)
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To: redgolum

Globull rules??? Enforce them...you euroweenies. Hahaha.


68 posted on 12/21/2017 12:24:13 PM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: ding_dong_daddy_from_dumas

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


69 posted on 12/21/2017 12:39:36 PM PST by Hambone 1934
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To: Gen.Blather; lapsus calami

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.


70 posted on 12/21/2017 12:41:53 PM PST by ding_dong_daddy_from_dumas (Mozart tells you what it's like to be human. Bach tells you what it's like to be the universe)
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To: ding_dong_daddy_from_dumas
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 U.S. government does not have rights - it has POWERS.

71 posted on 12/21/2017 12:46:00 PM PST by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill)
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To: caww

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.


72 posted on 12/21/2017 12:46:43 PM PST by oldvirginian (Happy Holidays my chapped buttocks. I'm going to Merry Christmas the hell out of everyone i meet!)
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To: ding_dong_daddy_from_dumas
"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


73 posted on 12/21/2017 12:48:14 PM PST by Jim Noble (Single payer is coming. Which kind do you like?)
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To: caww

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.


74 posted on 12/21/2017 12:48:40 PM PST by ding_dong_daddy_from_dumas (Mozart tells you what it's like to be human. Bach tells you what it's like to be the universe)
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To: ding_dong_daddy_from_dumas
Trump ran as a disruptive force against the status quo. This is just following through on that promise. If it is not good for America, he will change it. He is not perfect, but no president in several decades has actually followed through on campaign promises like Trump.

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...

Donald Trump -- keeper of promises

75 posted on 12/21/2017 1:01:08 PM PST by ETCM
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To: DoughtyOne
Thanks, see this post:

post#70

76 posted on 12/21/2017 1:01:47 PM PST by ding_dong_daddy_from_dumas (Mozart tells you what it's like to be human. Bach tells you what it's like to be the universe)
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To: ding_dong_daddy_from_dumas

Your global rules have been Trump’d.


77 posted on 12/21/2017 1:03:38 PM PST by Leep (Getting a little tired of correcting auto correct.)
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To: ding_dong_daddy_from_dumas

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%.


78 posted on 12/21/2017 1:05:27 PM PST by Newbomb Turk (Hey Newbomb, where is your bothers ElCamino ?)
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To: Democrat_media
And Trump wanted a reduction from 35% to 15% but was able to get only down to 21% corporate tax rate in negotiations with the Soros owned congress.

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.

79 posted on 12/21/2017 1:09:50 PM PST by Newbomb Turk (Hey Newbomb, where is your bothers ElCamino ?)
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To: ding_dong_daddy_from_dumas

Dear EU and UN, KMA. Signed, Donald Trump.


80 posted on 12/21/2017 1:14:13 PM PST by Pirate Ragnar (Libs put feelings first and thought second.)
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