WASHINGTON (AFP) – The United States Thursday said a World Trade Organization ruling that Boeing received illegal subsidies backed up its claim that EU rival Airbus had benefited from overwhelming public support.Yahoo News today.
"The WTO has vindicated the view the United States has taken for the last 20 years -- that the subsidies the Europeans give to Airbus dwarf anything that the US government does for Boeing," Ron Kirk, the US trade representative, said at a news conference in Washington.
A panel of the Geneva-based WTO released its ruling Thursday on the European Union's complaint that Boeing benefited from subsidies in violation of international trade rules. The US and EU governments had received the confidential reports in January.
I believe Boeing was one of the companies that paid no taxes. Instead they have a tax refund or something. It never ends in this country.