EU's Moscovici on U.S. Tax Plan, Brexit, Bitcoin

The transcript covers discussions on the US tax reform and its potential impact on international tax avoidance efforts and WTO rules. The EU's response involves dialogue with the US and setting positions within the G7 and G20 frameworks. Brexit's progress and the EU's economic strategy are outlined, emphasizing the need for a strong relationship with the UK. Germany's political situation is discussed in relation to eurozone proposals. The EU's stance on Bitcoin and tax haven regulations is also addressed.

What is one of the main concerns of the EU regarding the US tax reform?

• It will increase the US GDP significantly.

• It could affect international efforts to combat tax avoidance.

• It will lead to a decrease in EU exports.

• It might lead to increased trade tariffs.

What is the EU's initial approach to addressing their concerns with the US tax reform?

• Imposing immediate sanctions on the US.

• Entering into a dialogue with the US.

• Filing a complaint with the WTO.

• Ignoring the reform and focusing on internal policies.

What is the EU's timeline for making decisions regarding Brexit and economic union?

• By the end of 2017.

• By June 2018.

• By the end of 2019.

• By March 2018.

What challenge does the caretaker government in Germany pose for the EU?

• It prevents decisions on important eurozone issues.

• It results in a decrease in EU exports.

• It causes a rise in unemployment rates.

• It leads to increased inflation in the EU.

What is the EU's current stance on Bitcoin?

• They are actively regulating it.

• They are analyzing it but not reacting yet.

• They have banned its use in the EU.

• They consider it an alternative currency.

What is the purpose of the EU's blacklist of tax havens?

• To promote tourism in these regions.

• To increase trade with these countries.

• To encourage countries to adopt international tax standards.

• To provide financial aid to these countries.

What is a potential consequence for banks involved with countries on the EU's blacklist?

• They might be exempt from EU regulations.

• They may receive tax benefits.

• They could face restrictions on financial activities.

• They will be encouraged to expand operations.