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EU to closely monitor impact of US tax reform: Moscovici

Reuters Brussels | Updated on January 09, 2018 Published on December 05, 2017

File photo of European Union tax commissioner Pierre Moscovici.   -  Reuters

To assess its impact on the US deficit and on global tax rules

The European Union “will closely monitor” the impact of the United States' tax reform adopted by the Senate at the weekend to assess its impact on the US deficit and on global tax rules, the EU tax commissioner said on Monday.

“We don't discuss the full right of the United States to deliver on their own tax rate, but we also have to consider what are the effects on the US deficit and if there are spillover effects on the way we consider taxation at the worldwide level,” Pierre Moscovici told reporters in Brussels.

“We will monitor that closely. We need to have a deep analysis,” he said, adding that the issue will be discussed on Tuesday at a regular meeting of EU finance ministers.

Published on December 05, 2017
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