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EU to "closely monitor" impact of U.S. tax reform: Moscovici

Reuters  |  BRUSSELS 

BRUSSELS (Reuters) - The European Union "will closely monitor" the impact of the United States' reform adopted by the Senate at the weekend to assess its impact on the U.S. deficit and on global rules, the commissioner said on Monday.

"We don't discuss the full right of the United States to deliver on their own rate, but we also have to consider what are the effects on the U.S. deficit and if there are spillover effects on the way we consider taxation at the worldwide level," Pierre Moscovici told reporters in Brussels.

"We will monitor that closely. We need to have a deep analysis," he said, adding that the issue will be discussed on Tuesday at a regular meeting of finance ministers.

(Reporting by Francesco Guarascio; Editing by Alison Williams)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 18:12 IST