Europe to Weigh Whether U.S. Tax Cuts Violate Global Trade Rules
- European Union finance ministers to discuss U.S. tax bill
- Spanish economy minister says ‘elements of preoccupation’
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European Union finance ministers will discuss U.S. legislation to slash taxes at a meeting in Brussels Tuesday and whether the new plan violates international trade rules.
The centerpiece of the tax bill that passed the U.S. Senate over the weekend is a reduction in the corporate tax rate to 20 percent from 35 percent. The bill still needs to be reconciled with a version passed by the House of Representatives before it can be signed into law by President Donald J. Trump.