Moscovici Says EU Has Questions About U.S. Tax Plan

The transcript discusses the EU's concerns about the US GOP tax overhaul, focusing on its potential impact on international tax avoidance efforts and WTO rules. The EU seeks dialogue with the US to clarify these issues, emphasizing cooperation through G7 and G20 frameworks. The EU has written to US Treasury Secretary Steven Mnuchin and is prepared to assess the situation further if the US proceeds without addressing their queries.

What is the significance of the dialogue process mentioned in relation to the US tax reform?

What are the potential consequences if the US passes the tax law without addressing the EU's queries?