I tend to look at things in a fairly simplistic manner: if what we in the U.S. are doing is pissing off the EU, then we’re doing the right thing.
I’m just pleased to see that I’m not the only one who thinks this way, at least in the case of the new law which lowers corporate tax rates, and which has caused the EU to whine:
The GOP tax plan will cause companies to flee Europe and return to the US.
The plan will cause companies to move operations to the US, creating jobs for American workers, creating more demand for American labor. And in increase in demand invariably (this is really basic economics here) drives up the price meaning American workers, on balance, can be expected to be paid more.
More companies doing their business in the US rather than overseas is almost by definition growth in the US economy. And economic growth means a larger base for the taxation that remains which offsets the reduced rate.
In short, what Europe is complaining about is that the tax reform will do exactly what the GOP promised for it. The Democrats can scream about “the one percent” and “tax breaks for the rich” (tax break, as a percentage is actually mostly on the middle class, but they never let truth stop them, neither the Democrat politicians nor their cheering section in the major media). Meanwhile finance ministers in Europe fear not the claims of the Democrats, but that it will actually do what the GOP promised.
So there ya go. Trump/Republican tax plan 1, EU 0.