The EU & US at Odds Over Newly Implemented US Tax Cuts Act 2017

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Europe is set to place the US on the blacklist of non-cooperative jurisdictions next June in the event that it neglects to satisfactorily change its Foreign Account Tax Compliance Act transparency guidelines to bring them in line with EU standards.

This has been indicated by top accountants who commented on the growing unrest between the two continents following the US Tax Cuts & Jobs Act 2017 being brought before the OECD’s Assembly for Harmful Tax Practices.