EBF advisor: Blazej Blasikiewicz
Publication date: 14 December 2017
Dear Honorable Members of the U.S. Congress,
The U.S. legislators have adopted a corporate tax reform which is significant and may have far-reaching consequences for the financial industry, both domestically and abroad, for investments in the United States and for international trade and financial markets.
Because Europe is the first partner of the United States in these areas, European Governments, the Commission and the European banking industry, with all due respect to the U.S. tax sovereignty, are closely monitoring the on-going debate on the Senate and House tax bills. Considering the very negative impact some elements of the proposals may have on financial institutions and markets, European stakeholders are extremely concerned by the potential outcome of this legislative process.