5 European countries issue warning to Trump Admin over TaxScam bill

In a joint letter, five top European economies warn that the new GOP tax plan violates international trade obligations.

Treasury Secretary Steven Mnuchin has received a letter of warning signed by finance ministers from Europe’s five…

In their letter to the Trump administration, the European finance ministers warned that “proposed changes to the US tax code could give American companies an advantage over foreign rivals.” It specifically highlighted the “new 20% tax on payments from US-based multinationals to their foreign affiliates,” and advised that US “domestic tax policy be exercised” in adherence with its “international obligations.”