US told to drop unlawful tax subsidy for Boeing

US told to drop unlawful tax subsidy for Boeing
 

The US has been given 90 days to drop a special tax exemption for the giant aerospace company Boeing because it amounts to an unlawful subsidy.
The World Trade Organization (WTO) made the order after investigating a complaint from the European Union.
The tax cut was provided by the state of Washington in 2013 to ensure that wings for Boeing's new 777X jetliner were made there.
The tax cut was "prohibited" said the WTO.
However an EU complaint about six other tax measures was rejected.
The WTO, in its ruling, said: "The Panel has found that the European Union has demonstrated... read more

 
28 November 2016 in Business, Views: 41
Source: BBC
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