WTO Launches Panel on Washington State Tax Breaks for Boeing
The World Trade Organization set up a panel on Feb. 23 to investigate European Union claims of unfair U.S. tax breaks to large civilian aircraft manufacturers (here). The EU initiated talks with the U.S. over those alleged unfair tax breaks,…
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which are administered by the state of Washington, in mid-December (see 1501010006). The panel indicates those consultations failed to reach a compromise. More than a year ago, the state of Washington unveiled a tax break package for Boeing aimed at ensuring the state keeps the company’s manufacturing operations. Brazil, China, India, Japan, South Korea and Russia are also party to the panel.