ECB Experts: US Tax Law Could Erode Europe's Tax Base

Economists at the European Central Bank say that the U.S. corporate tax cut should lift the world's largest economy in the short term but warn it could erode the tax base in European countries by intensifying global competition for lower rates. In a short article released Monday, the ECB's economists say that the cut in business taxes will provide a "significant fiscal stimulus" to growth in the U.S. in the short term. It warned that long-term effects were less clear, especially if the cut...

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