Moscovici Says EU Has Questions About U.S. Tax Plan

The transcript discusses the EU's concerns about the US GOP tax overhaul, focusing on its potential impact on international tax avoidance efforts and WTO rules. The EU seeks dialogue with the US to clarify these issues, emphasizing cooperation through G7 and G20 frameworks. The EU has written to US Treasury Secretary Steven Mnuchin and is prepared to assess the situation further if the US proceeds without addressing their queries.

What are the main concerns of the EU regarding the US tax overhaul?

• Increase in US exports to the EU

• Impact on international tax avoidance efforts and WTO compatibility

• Reduction in EU's tax revenue

• US's withdrawal from international trade agreements

How is the EU planning to address its concerns with the US?

• By increasing taxes on US companies operating in the EU

• By cutting diplomatic ties with the US

• Through dialogue and discussions within international frameworks

• By imposing tariffs on US goods

Which international frameworks are mentioned as part of the EU's dialogue process?

• OECD and IMF

• World Bank and WTO

• G7 and G20

• NATO and the UN

What is the EU's stance if the US passes the tax reform without addressing their queries?

• They will ignore the issue

• They will wait for a response and evaluate the situation

• They will impose sanctions on the US

• They will immediately take the US to the WTO court

What is the EU's best-case solution regarding the US tax reform?

• The US withdraws the tax reform

• The EU imposes new taxes on US imports

• The US addresses the EU's concerns

• The EU forms a new trade alliance excluding the US