US tax reform breaks global rules, EU says

DW (Deutsche Welle) ^ | 19.12.2017 | Nils Zimmermann

[Ronniesque]

Perfect! Thanks!

[Ronniesque]

Thanks too!

[caww]

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

[tje]

To the EU I say: Chuck You Farley!

[caww]

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...

[redgolum]

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

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

[noiseman]

”...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.

[hal ogen]

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

[Hambone 1934]

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

[ding_dong_daddy_from_dumas]

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.

[WayneS]

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.

[oldvirginian]

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.

[Jim Noble]

"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

[ding_dong_daddy_from_dumas]

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.

[ETCM]

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

[ding_dong_daddy_from_dumas]

Thanks, see this post:

post#70

[Leep]

Your global rules have been Trump’d.

[Newbomb Turk]

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%.

[Newbomb Turk]

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.

[Pirate Ragnar]

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