Altmaier 'Optimistic' Germany Will Have Stable Gov't Within Weeks

The video discusses the European Union's priorities, focusing on strengthening cooperation with France, enhancing economic growth, and creating jobs. It highlights the importance of tax reform in response to US changes, emphasizing adherence to WTO rules and improving competitiveness. The need for a simplified, unified tax system across EU member countries is stressed, with France and Germany leading an initiative to establish a common tax base.

What is the significance of the respect for WTO rules in the context of the discussed tax reforms?

In what ways does the speaker suggest that the tax system should be simplified?