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Bamatab
Alabama Fan
Member since Jan 2013
11674 posts

Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
LINK

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 at 1:00 pm


LSU Patrick
LSU Fan
Member since Jan 2009
44599 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
What a bunch of pathetic bitches.


14&Counting
Miami (FL) Fan
Wherever The Gold Standard Resides
Member since Jul 2012
15076 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
Sorry EU.......America First


GurleyGirl
Georgia Fan
Georgia
Member since Nov 2015
9369 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP


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31
Deuces
LSU Fan
The bottom
Member since Nov 2011
6681 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
Translation:

We are not going to let you restrict us from butt raping you all we want.


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130
saints5021
USA Fan
Slidell
Member since Jul 2010
3122 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
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


TigersSEC2010
Columbus, OH
Member since Jan 2010
27987 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
I hope Trump reads it live and tosses it in a fire


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70
BlackPawnMartyr
Alabama Fan
Houston, TX
Member since Dec 2010
11591 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
frick Germany and all it's harem of subs.


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100
OysterPoBoy
LSU Fan
BR
Member since Jul 2013
10330 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
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.


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100
TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
32191 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP




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lsufan1971
LSU Fan
Zachary
Member since Nov 2003
6534 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
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 a-holes. EU is soft as cotton...frick them.


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deltaland
Mississippi St. Fan
Member since Mar 2011
41115 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
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


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Tiger Lake
LSU Fan
On the Lake !
Member since Dec 2016
1087 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
frick THE EU......

......and that is as nice as I can put it.


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60
Ross
Auburn Fan
Huntsville, AL
Member since Oct 2007
37934 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
International obligations?

Our governments main obligations should be to its people, not the international community. Sometimes those interests align, and sometimes they do not.


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ninthward
LSU Fan
Summit County, CO
Member since May 2007
12219 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
quote:

What a bunch of pathetic bitches


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TheFonz
LSU Fan
Somewhere in Louisiana
Member since Jul 2016
7383 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP


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Doc Fenton
LSU Fan
New York, NY
Member since Feb 2007
52562 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
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.


GeauxLSUGeaux
LSU Fan
1 room down from Erin Andrews
Member since May 2004
14584 posts
 Online 

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
Boy I bet all of those other countries miss Obama


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120
GRTiger
USA Fan
On a roof eating alligator pie
Member since Dec 2008
41648 posts

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
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."


antibarner
Alabama Fan
Member since Oct 2009
12848 posts
 Online 

re: Looks like the EU sent us a strongly worded letter about our new corporate tax cuts. SIAP
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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