On Monday evening, February 26th, FACC-NY members and guests gathered at BNP Paribas for the first FACC NY Finance Event U.S 2018 economic outlook: Finding Perspective in a Shifting World Context.
U.S. Tax Expert Tifphani White-King, Partner at Mazars Usa and Thomas Julien, U.S. Economist at Natixis North America discussed their views of the U.S. economy in 2018 - including the projected impact of the current U.S. Tax Reform. The panel discussion was moderated by Elsa Conesa, New York Correspondent of LES ECHOS, France's premier daily business publication.
The presentation was run through the interactive platform Klaxoon, guests were invited to join the FACC-NY Finance & Banking Online Forum to stay connected with the FACC-NY Finance & Banking Community in between events and share food for thoughts on the network.
About 100 guests had the opportunity to network and enjoy exquisite rose and red wines from Maiden + Liberty, delicious pastries and hors d'oeuvres from Miss Madeleine and delightful charcuterie from Les Trois Petits Cochons.
Take away points from the discussion:
From Tifphani White-King:
- US tax reform was designed to spur growth, jobs and reinvestment into the US<u1:p></u1:p>
- More guidance is needed from Treasury to clarify the operation / application of tax reform provisions.
- We should continue to watch for global reaction to US tax reform in light of comment already from treaty partners, EU finance ministers and WTO.
From Thomas Julien:
-The outlook for the US economy remains positive in 2018 with a low risk of recession.
-The tax reform will stimulate the economy at full employment with as a result wider twin deficits.
-Inflation shouldn’t get out of control and the monetary policy tightening will remain gradual.
The FACC-NY thanks all above supporters, as well as our members and guests.
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