The World Trade Organization (WTO) ruled on Monday a tax break from Washington state to help Boeing develop its new 777X jetliner was a prohibited subsidy, in a setback for the US planemaker as it eyes victory in a parallel case against Airbus. The WTO said the subsidy came in the form of a renewed cut in Washington state’s main business tax for aerospace agreed in 2013, when Boeing was considering where to base assembly of the latest member of its long-haul jet family.
Source: www.engineeringnews.co.za
WTO rules against tax break for Boeing 777X jet
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