US could end up on the blacklist of the EU
With their tax reform, the US is on a confrontational course with other states. Some of the new provisions collide with international treaties.
The tax reform of US President Donald Trump violates several international agreements according to the German Federal Ministry of Finance (BMF) . For example, Americas' plan to grant companies a 10% discount on worldwide patent and royalty income collides with decisions by the G20 and the OECD.
Although these agreements do not generally prohibit such tax-saving models, they only allow them in the country where actual income is generated. With their plans for so-called patent boxes, the Americans set out to siphon off this income from all other countries and tax them in the United States, experts from the Federal Ministry of Finance suspect. With such a breach of OECD standards, the US ran the risk of being blacklisted by the EU for tax havens.
Because the tax rate on license and patent revenues decreases as the company exports more, the BMF experts also consider the requirement for an illegal export subsidy to fall as part of the reform. It would run contrary to agreements of the World Trade Organization (WTO). The minimum taxation by the US on intercompany interest and service payments to foreign companies also violates German-American tax treaties, according to the ministry. These are to avoid a double taxation of profits in both countries.
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Interesting news. Thanks!
I really don't think the Donald gives a flying F**k what the EU thinks. He is much more interested in helping the American people and not pouring tax dollars into countries that basically hate the US. Same thing with those losers in the UN.
...upvoted
Unfortunately, this doesn't help the american people. Think long and hard, (follow the money) and you'll see why.
Darn...
I'll never understand how that farce of a man hasn't been kicked out of the white house already X/
Stop watching CNN and the rest of the fake media and you will see that the farce are really the democrats whilst Mr. Trump is the real thing trying to unslave the american people from the globalists.
Each of your posts is very interesting!
Hopefully the next post more interesting and useful
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