Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.