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Started By
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Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
Posted on 12/22/17 at 12:58 pm
Posted on 12/22/17 at 12:58 pm
LINK
I hope Mnuchin wiped his arse with that letter before he threw it in the trash.
quote:
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.
quote:
"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."
quote:
The US also proposes to play unfairly by taxing profits that have already been taxed in Europe, Hentze said, concluding: "The underlying message to multinational companies is: If you produce here in the US, you will be spared the double taxation."
quote:
The reform package provides further incentives for companies, too. With the creation of a so-called patent box, US legislators want to incentivize companies like Apple to register their patents and trademarks in the US, by means of a preferential tax rate on profits generated (12.5 percent). A fair tax regime, in Hentze's view, should not offer tax rebates for certain types of profits.
"However, countries like Ireland or the Netherlands already do that too," Hentze pointed out. "Therefore, the indignation of EU finance ministers is not very credible on this particular point."
I hope Mnuchin wiped his arse with that letter before he threw it in the trash.
This post was edited on 12/22/17 at 1:00 pm
Posted on 12/22/17 at 1:01 pm to Bamatab
What a bunch of pathetic bitches.
Posted on 12/22/17 at 1:03 pm to Bamatab
Sorry EU.......America First
Posted on 12/22/17 at 1:05 pm to Bamatab
Translation:
We are not going to let you restrict us from butt raping you all we want.
We are not going to let you restrict us from butt raping you all we want.
Posted on 12/22/17 at 1:06 pm to 14&Counting
If I were Trump, I would just read that letter in front of a camera and use that, and only that, as all my campaign commercials for 2020
Posted on 12/22/17 at 1:08 pm to Bamatab
I hope Trump reads it live and tosses it in a fire
Posted on 12/22/17 at 1:08 pm to Bamatab
frick Germany and all it's harem of subs.
Posted on 12/22/17 at 1:08 pm to Bamatab
quote:
"The underlying message to multinational companies is: If you produce here in the US, you will be spared the double taxation."
Well yeah boss, I'm glad you get it.
Posted on 12/22/17 at 1:15 pm to Bamatab
quote:
"The underlying message to multinational companies is: If you produce here in the US, you will be spared the double taxation."
LOL at these motherfrickers.It's not really underlying assholes. EU is soft as cotton...frick them.
Posted on 12/22/17 at 1:15 pm to saints5021
Trump should post a video on Twitter reading the letter, then tossing it in a metal trash bin, then pouring lighter fluid on it and dropping a match. Then he puts the fire out by pissing on it
Posted on 12/22/17 at 1:17 pm to Bamatab
frick THE EU......
......and that is as nice as I can put it.
......and that is as nice as I can put it.
Posted on 12/22/17 at 1:18 pm to Bamatab
International obligations?
Our governments main obligations should be to its people, not the international community. Sometimes those interests align, and sometimes they do not.
Our governments main obligations should be to its people, not the international community. Sometimes those interests align, and sometimes they do not.
Posted on 12/22/17 at 1:20 pm to LSU Patrick
quote:
What a bunch of pathetic bitches
Posted on 12/22/17 at 1:22 pm to Bamatab
International free trade agreements are really complicated, and it wouldn't surprise me at all if there were some minor technical details on the repatriation of corporate tax profits from overseas that violated some stipulated clauses.
That being said, yeah, the EU is really just mad about the so-called "race to the bottom" from healthy international tax competition.
I suspect that some minor fixes might have to be applied in 2018 to stay within treaty obligations, but that overall, it will have little practical effect on the overall impact of the new tax law.
That being said, yeah, the EU is really just mad about the so-called "race to the bottom" from healthy international tax competition.
I suspect that some minor fixes might have to be applied in 2018 to stay within treaty obligations, but that overall, it will have little practical effect on the overall impact of the new tax law.
Posted on 12/22/17 at 1:22 pm to Bamatab
Boy I bet all of those other countries miss Obama
Posted on 12/22/17 at 1:23 pm to Bamatab
That is the most unreal presentation of an opposing view to anything I've ever seen.
"Your domestic tax policies help America and hurt us. We don't like that, so stop it."
"Your domestic tax policies help America and hurt us. We don't like that, so stop it."
Posted on 12/22/17 at 1:25 pm to GRTiger
Those countries owe us more than they can ever repay. They need to worry about the EU and let us handle the US.
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