Sep
04
Boeing Backed by WTO on $8.7 Billion in Incentives for 777X Jet
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Washington state tax break deemed to not have been prohibited
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Airbus may still include Boeing tax incentives in broader case
Boeing Co. won a round in a long-running U.S. trade dispute with the European Union over government backing for the planemaker and competitor Airbus SE.
The World Trade Organization’s appellate body overruled a lower-level finding that $8.7 billion in tax incentives awarded by Washington state to Chicago-based Boeing for the development of the 777X jetliner constituted the most serious transgression of subsidy restrictions. The appellate body isn’t making a recommendation in the dispute, it said Monday in a statement…
Boeing Backed by WTO on $8.7 Billion in Incentives for 777X Jet
