×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Europe | US | tax

5 Top EU Economies Warn US about Tax Plans

Monday, 11 December 2017 11:37 AM EST

BRUSSELS (AP) — The European Union's top five economies are warning the United States that its massive tax overhaul could contravene some of its international obligations and risks "having a major distortive impact on international trade."

In a letter to U.S. Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany, France, Britain, Italy and Spain wrote they had "significant concerns" about three tax initiatives in particular, including the so-called base erosion and anti-abuse tax Senate bill.

In a letter seen by The Associated Press, the five wrote that "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."

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The European Union's top five economies are warning the United States that its massive tax overhaul could contravene some of its international obligations and risks "having a major distortive impact on international trade."In a letter to U.S. Secretary of the Treasury...
EU,Europe,US,tax,
116
2017-37-11
Monday, 11 December 2017 11:37 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved