Tax breaks and WTO

[Lisa & Ian Murray]

If this is the case regarding the foreign sales corporations, the amount is
much bigger than 2.5billion$

Ian


> -----Original Message-----
> From: owner-lbo-talk at lists.panix.com
> [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Marta Russell
> Sent: Thursday, December 30, 1999 3:23 PM
> To: lbo-talk at lists.panix.com
> Subject: Tax breaks and WTO
>
>
> This may be the one and only progressive thing the WTO has
> done.
> Of course Spotlight woud complain.
>
> "The United States has appealed a ruling by the World Trade
> Organization
> that condemed the $2.5 billion in tax breaks for US.
> companies with
> overseas subsidiaries as being illegal subsidies.  According
> to the UPI,
> if the United States loses the appeal, "one outcome could be
> the loss of
> a naton's control over its own domestic tax statutes."
> (Spotlight 12-99)
> --
> Marta Russell
>
>