Just four days after I mentioned that Boeing did not repay the billions it had already received from the 2003 Washington state subsidy package, the World Trade Organization approved EU retaliation for these subsidies in the form of $4 billion per year of tariffs on U.S. goods.
Boeing Corporation has requested that the state of Washington stop providing it with tax breaks that the World Trade Organization (WTO) has on multiple occasions ruled to be an illegal subsidy under the Agreement on Subsidies and Countervailing Measures.
By GILLIAN WONG in Beijing and LORRAINE LUK in Hong Kong March 25, 2015
Foxconn and other foreign businesses in China are fighting to save tax breaks and other benefits promised by Chinese cities and provinces, as Beijing ramps up a campaign against big spending by local governments.
By Matthew Dalton Dec. 19, 2014
BRUSSELS—The European Union on Friday filed a complaint at the World Trade Organization alleging that billions of dollars of tax breaks handed to U.S. aviation company Boeing Co. by Washington state violated international trade rules.