EU Finance Ministers Debate the EU’s Response to the 2017 Tax Act
Finance ministers from key EU countries, including France, Germany and Italy, are questioning whether some of the provisions of the 2017 tax act are contrary to World Trade Organization (WTO) rules. The finance ministers are currently reviewing whether to file a complaint with the WTO out of concern that the tax act will spark a race to the bottom with respect to tax rates. EU finance ministers are also considering whether pushing forward with their own tax reform project—the creation of a common EU tax scheme –would address their concerns.
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