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WTO eliminate illegal US subsidies to Boeing not to
| Tuesday November 29 2016 09:29 |
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News / Baghdad
It gave the WTO the United States ninety days to cancel the special tax exemption granted to Boeing aircraft manufacturing giant as illegal.
The world body announced its decision which determines the deadline after investigations into a complaint by theEuropean Union in this regard.
And given the state of Washington this tax credit to Boeing in 2013 to ensure that the manufacture of aircraft wings jet Boeing 777x is limited to the region.
The WTO said the US tax-exempt "prohibited" because it violates the rules in force in all parts of the world.
She added that the exemption "exceptional", and applies a modified tax is too low to business tax at the Boeing Company in the United States, which saw him in violation of the rules because it is conditional on using the aviation industries of raw materials a local company, to the detriment of the rules applicable trade globally.
Word of the organization's decision that the Commission considered a complaint the European Union is satisfied that payment by the Union that the tax exemption granted to Boeing on the manufacture and sales of commercial aircraft under 777x program serves as unconditional support using local raw materials, is imported, which is contrary to the rules.
The organization added, "Accordingly, and after consideration of the conditional nature of this support to replace the banned legal dispute, the Committee recommends to rescind it without loosening, within ninety days."
However, the organization rejected a European Union complaint about six other tax measures Although considered one of the supported formats.
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but I find it so refreshing after 8 years of this PC crap!!! Go Trump
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