Boeing asks for suspension of its tax subsidies
Boeing has asked for its tax breaks to be suspended amid an acrimonious and escalating trade war between the US and the EU, targeting its respective aircraft manufacturers, that threatens to play long-term havoc on aircraft deliveries on both continents. Lawmakers in the US state of Washington, where Boeing has a sizable presence, say they will introduce bills to stop giving the plane-maker preferential tax incentives, dating back to 2003, until the US and the EU resolve their trade disputes. The request is the latest move in an escalating trade dispute between US and European regulators. Last week, the Office of the US Trade Representative raised its tariffs on large European aircraft to 15%, up from the 10% levy implemented last October, in an ongoing disagreement over subsidies. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-20/general/boeing-asks-for-suspension-of-its-tax-subsidies
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Boeing asks for suspension of its tax subsidies
Boeing has asked for its tax breaks to be suspended amid an acrimonious and escalating trade war between the US and the EU, targeting its respective aircraft manufacturers, that threatens to play long-term havoc on aircraft deliveries on both continents. Lawmakers in the US state of Washington, where Boeing has a sizable presence, say they will introduce bills to stop giving the plane-maker preferential tax incentives, dating back to 2003, until the US and the EU resolve their trade disputes. The request is the latest move in an escalating trade dispute between US and European regulators. Last week, the Office of the US Trade Representative raised its tariffs on large European aircraft to 15%, up from the 10% levy implemented last October, in an ongoing disagreement over subsidies. <br/>
