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.
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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