WTO Judges Tax Relief Granted Boeing to Be Prohibited Subsidy
November 28 2016 - 10:54AM
Dow Jones News
By Robert Wall and and Doug Cameron
The World Trade Organization on Monday struck a blow against
Boeing Co. (BA) determining a key tax benefit granted for
production of its newest long-haul jetliner contravenes
international trade rules.
The tax was a central part of a case the European Union in
December 2014 filed with the WTO against the U.S. as part of a
wider protracted dispute over subsidies to aircraft makers.
The WTO said the U.S. should withdraw the subsidy within 90
days, though the U.S. can appeal the ruling.
"We expect the U.S. to respect the rules, uphold fair
competition, and withdraw these subsidies without any delay," EU
trade commissioner Cecilia Malmström.
-Write to Robart wall at robert.wall@wsj.com and Doug Cameron at
doug.cameron@wsj.com
(END) Dow Jones Newswires
November 28, 2016 10:39 ET (15:39 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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